In an opinion yesterday, Judge Oetken certified a class, for purposes of liability only, in a case alleging that certain JP Morgan mortgage-backed securites offering documents falsely represented (among other things) that the underlying loans complied with certain underwriting standards when, in fact, those standards were abandoned. Judge Oetken rejected JP Morgan’s argument (among many … Continue Reading
In an opinion yesterday resolving a motion alleging that JP Morgan’s corporate representatives were not sufficiently prepared for depositions, Judge Francis observed that the common practice of objecting to the scope of a Rule 30(b)(6) notice is improper, and that the proper course is to move for a protective order:… Continue Reading
