Judge rules BNY Mellon cannot dodge RMBS suit over loan documents
A US judge has ruled that BNY Mellon cannot avoid a lawsuit that has been brought by banks, insurers, and other investors against the bank as the trustee of pools of poor-performing residential mortgage-backed securities. The allegation is that the bank failed to maintain documents that proved the mortgage loans belonged to the trusts.

By Stewart Bishop (October 5, 2015, 5:58 PM EDT) -- A New York judge on Friday refused a bid by The Bank of New York Mellon Corp. to quash a lawsuit brought by banks, insurers and other investors against BNY Mellon as the trustee of pools of poor-performing residential mortgage-backed securities, saying dismissal would be premature....

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