RMBS Trustee Defeats Motion to Certify Class


On March 21, 2017, Judge Alison Nathan of the United States District Court for the Southern District of New York denied plaintiff’s Motion to Certify Class without prejudice in Royal Park Investments SA/NV v. Deutsche Bank National Trust Company. In a text-only Order, Judge Nathan wrote that Royal Park failed to carry its burden to show that the proposed class is sufficiently ascertainable. The full Memorandum and Order will remain under seal for ten days while the parties confer as to which portions should be redacted prior to public filing. Order.