TRIAXX PRIME CDO 2006 LTD CDO 2006 CDO 2007 v. JP (2018)

SUMMARY ORDER

This case involves claims by Plaintiffs-Appellants Triaxx Prime CDO 2006-1, Ltd., Triaxx Prime CDO 2006-2, Ltd., and Triaxx Prime CDO 2007-1, Ltd. (collectively, “Triaxx”) against the trustees of 45 trusts holding residential mortgage-backed securities. Triaxx alleges that the trustees, Defendants-Appellees U.S. Bank National Association and The Bank of New York Mellon, breached their contractual obligations and fiduciary duties, and failed to avoid conflicts. By order of the United States District Court for the Southern District of New York (Buchwald, J.), Triaxx’s Third Amended Complaint was dismissed in its entirety on the grounds that Triaxx lacks standing to assert its contract claims, and its tort claims and claim for equitable relief fail to state claims upon which relief can be granted.

For the reasons stated by Judge Buchwald in her thorough and thoughtful opinion, the judgment of the district court is AFFIRMED.