2nd Circ. Chilly To Mortgage-Backed Securities ERISA Suit

By Kellie Mejdrich · September 5, 2024, 4:53 PM EDT

The Second Circuit appeared unlikely Thursday to revive a union pension fund's suit looking to hold Wells Fargo and Ocwen Financial Corp. liable for losses on mortgage-backed securities, with two judges...

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Case Information

Case Title

Powell v. Ocwen Financial Corporation

Case Number

23-999

Court

Appellate - 2nd Circuit

Nature of Suit

3791 LABOR LAWS-Retirement Act 1974

Date Filed

June 30, 2023