JP Morgan and General Electric avoid BNY Mellon's $600m RMBS suit
JP Morgan and General Electric have managed to escape ﻿a ﻿BNY Mellon suit seeking $600m, over a $1.275bn residential mortgage-backed securitisation deal that went bad, as New York Judge Shirley Werner Kornreich dismissed it, calling the case time-barred.

By Stewart Bishop (September 22, 2015, 8:37 PM EDT) -- A New York judge on Friday dismissed Bank of New York Mellon Corp.'s suit seeking $600 million from JPMorgan Chase Bank NA and a General Electric Capital Corp. unit over a $1.275 billion residential mortgage-backed securitization deal gone bad, calling the case time-barred....

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