BofA, U.S. Bancorp Can't Dodge Claims over Roles as MBS Trustees

, The Litigation Daily

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Suits trying to hold mortgage-backed securities trustees liable for MBS losses haven't been at the forefront of investor litigation spawned by the mortgage crisis. But a ruling Monday in a putative class action against Bank of America and U.S. Bancorp reaffirms that such claims spell big trouble for banks.

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