The Clearing House (TCH) joined SIFMA in a brief to the Second Circuit in Retirement Board of the Policemen’s Annuity & Benefit Fund v. Bank of New York Mellon. The Associations argue that the Trust Indenture Act of 1939 (TIA) does not apply to mortgage pass-through certificates, and that certificateholders may not assert contract, TIA and fiduciary claims with respect to securities that they did not themselves purchase.
TCH Files Amicus Brief on Trust Indenture Act
