IKB International v. Wells Fargo

Decision: n/a

Argument: 2023.05.18 vid. tr.

Whether a provision in a contract governing residential-mortgage-backed-securities trusts, which stated that trustee agreed to exercise rights for the benefit of certificateholders, imposed an express duty on the trustee to enforce the repurchase protocol to benefit investors; whether plaintiffs alleged that trustee had actual or written notice of event of default; whether “economic loss doctrine” barred certain claims; whether plaintiffs’ claims for pre-event-of-default document defects is time-barred.

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