Anh Nguyet Tran vs. Bank of New York Petition for Writ of Certiorari
An amended complaint asserting a RICO action against REMIC trusts was dismissed on the grounds that Plaintiffs lacked standing to assert the failure to comply with the Trust's pooling and servicing agreement. The writ asserts that a split exists within the U.S. Circuits on the issue of Plaintiffs' standing. The Second Circuit held that Plaintiffs lacked standing to challenge the validity of the assignment. The First Circuit in Culhane v. Aurora Loan Services of Nebraska, 7
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