United States Second Circuit

District court's order denying plaintiff's motion to remand its suit alleging defendants engaged in fraudulent misrepresentations in underwriting certain residential mortgage backed securities, to the state courts is vacated and remanded, where: 1) the Edge Act, which grants federal jurisdiction to certain civil suits involving offshore banking operations, does not apply; and thus, 2) the suit accordingly must be remanded to state court.

Appellate Information

• Decided 04/19/2013
• Published 04/19/2013

Judges

• LEVAL

Court

• United States Second Circuit

Counsel