Pansier v. Commissioner

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that a New York statute applying to “bonds” covers pass-through certificates governed by a PSA
• holding that the no-action provision did not bar a lawsuit against the trustee but did bar a lawsuit against the servicers, and that plaintiffs’ allegation of a conflict of interest between the trustee and the servicer was “entirely conclusory”
• noting that the Second Circuit has expressly left undecided whether Rule 9(b) applies to negligent misrepresentation claims
• explaining that a “conversion claim may only succeed . . . if a plaintiff alleges wrongs and damages distinct from those predicated on a breach of contract”
• explaining that a “conversion claim may only succeed . . . if a plaintiff alleges wrongs and damages distinct from those predicated on a breach of contract”
• excusing noncompliance with no action clause in a suit against trustee of mortgage-backed securities trusts

Source: CourtListener parenthetical corpus (CC0).