Plaintiffs lawyers at Scott + Scott managed to avoid dismissal, but things might have gone very differently for the banks if not for a pair of rulings earlier this year favoring mortgage-backed securities investors in separate suits against Goldman Sachs and Bank of New York Mellon.
BofA, U.S. Bancorp Lose Bid to Dodge Class Action over WaMu MBS
The Litigation Daily
December 10, 2012
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