Appellate Division of the Supreme Court of the State of New York May 8, 2014 (Loreley Financing (Jersey) No. 3 Ltd. v. Citigroup Global Markets Inc.)

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United States · · · 08-05-2014

OPINION OF THE COURT

Renwick, J.

This appeal stems from an action alleging fraud with respect to an investment bank’s sale of collateralized debt obligations (CDOs) which depended upon the positive performance of residential mortgage-backed securities (RMBS).

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