District Court, S.D. New York March 25, 2016, 14 Civ. 09372(GBD) (Blackrock Allocation Target Shares: Series S Portfolio v. Bank of New York Mellon)

MEMORANDUM DECISION AND ORDER

GEORGE B. DANIELS, United States District Judge:

This action is one of many derivative actions brought -in New York state court and the Southern District of New York against trustees of trusts containing residential mortgage-backed securities (“RMBS”). See, e.g., Fixed Income Shares: Series M v. Citibank:'N.A., 130 F.Supp.3d 842, 845-46 ’ (S.D.N.Y.2015).