Judge Wexler

City of Ann Arbor Employees Ret. Sys. v. Citigroup Mortg. Loan Trust Inc.

Plaintiff retirement system and investors brought a class action against defendant mortgage loan trusts in state court, alleging violations of 15 U.S.C.S. §§ 77k and 77o. The matter was removed to federal district court. The retirement system and investors moved to remand on the ground that 15 U.S.C.S. § 77v(a) prohibited removal of cases brought under the Securities Act of 1933.
Ruling: 
Securities claims had conceivable effect on debtor's bankruptcy and were properly removed.
ABI Membership is required to access the full summary of City of Ann Arbor Employees Ret. Sys. v. Citigroup Mortg. Loan Trust Inc.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on August 11,2008, LexisNexis #0908-061
Subscribe to Judge Wexler