United States Fifth Circuit

In an action claiming that defendant-bank engaged in a fraud relating to mortgage-backed securities that defendant sold to plaintiff, the dismissal of the action is affirmed where the complaint failed to allege a misrepresentation in light of the "repurchase or substitute" clauses in the parties' mortgage-backed securities contracts.

Appellate Information

• Decided 01/12/2010
• Published 01/12/2010

Judges

• EDITH H. JONES, Chief Judge:, Before JONES, Chief Judge, and GARZA and STEWART, Circuit Judges.

Court

• United States Fifth Circuit

Counsel