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 others) that there were too many underwriting standards — 8,196 according to JP Morgan — to address on a class wide basis:
Continue Reading Judge Oetken Certifies Liability-Only Class in MBS Case Against JP Morgan
09 Civ. 03701
Judge Francis: Parties Must Move for a Protective Order, Not Merely Object, to Overly Broad 30(b)(6) Notice
By Charles Michael on
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 Judge Francis: Parties Must Move for a Protective Order, Not Merely Object, to Overly Broad 30(b)(6) Notice