Deutsche Bank v. Morgan Stanley

Whether plaintiff sufficiently pleaded gross negligence to render “sole remedy” clauses in parties’ residential mortgage-backed security agreements unenforceable, thereby permitting a claim for compensatory damages; whether plaintiff’s allegations of wrongdoing against it were sufficient to support a demand for punitive damages.

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• Allegations of gross negligence insufficient to avoid sole-remedies clause in RMBS deal (Deutsche Bank v. Morgan Stanley).
• Court to Consider Recurring Issue Concerning RMBS Contracts (Deutsche Bank v. Morgan Stanley).
• The November Session calendar is set (September 14, 2020).
• Case Summary – Deutsche Bank v. Morgan Stanley