LAKE SUCCESS, N.Y. - Wednesday, September 10th 2014 [ME NewsWire]
(BUSINESS WIRE)-- The following statement is being issued by GCG regarding the proposed RMBS Settlement.
NOTICE OF A JUDICIAL INSTRUCTION PROCEEDING IN CONNECTION WITH THE ACCEPTANCE OF THE MODIFIED PROPOSED SETTLEMENT AGREEMENT WITH JPMORGAN
NOTICE IS HEREBY GIVEN TO THE HOLDERS OF CERTIFICATES, NOTES OR OTHER SECURITIES (“CERTIFICATEHOLDERS”) OF THE RESIDENTIAL MORTGAGE-BACKED SECURITIZATION TRUSTS AND LOAN GROUPS IDENTIFIED IN EXHIBIT A HERETO (THE “ACCEPTING TRUSTS AND LOAN GROUPS”) AND OTHER PERSONS POTENTIALLY INTERESTED IN THE ACCEPTING TRUSTS AND LOAN GROUPS. THE CERTIFICATEHOLDERS AND OTHER NOTICE RECIPIENTS SHOULD READ THIS NOTICE AND THE MATERIALS REFERENCED HEREIN CAREFULLY IN CONSULTATION WITH THEIR LEGAL AND FINANCIAL ADVISORS. THE ACCEPTANCE OF THE MODIFIED PROPOSED SETTLEMENT AGREEMENT COULD MATERIALLY AFFECT THE INTERESTS OF THE CERTIFICATEHOLDERS.
NOTICE IS HEREBY GIVEN BY:
THE BANK OF NEW YORK MELLON THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. DEUTSCHE BANK NATIONAL TRUST COMPANY HSBC BANK USA, NATIONAL ASSOCIATION LAW DEBENTURE TRUST COMPANY OF NEW YORK U.S. BANK NATIONAL ASSOCIATION WELLS FARGO BANK, NATIONAL ASSOCIATION WILMINGTON TRUST, NATIONAL ASSOCIATION
EACH, IN ITS CAPACITY AS TRUSTEE, INDENTURE TRUSTEE, SEPARATE TRUSTEE, AND/OR SUCCESSOR TRUSTEE OF THE ACCEPTING TRUSTS AND LOAN GROUPS (COLLECTIVELY, THE “ACCEPTING TRUSTEES” AND EACH AN “ACCEPTING TRUSTEE”), TO CERTIFICATEHOLDERS.
THIS NOTICE CONTAINS IMPORTANT INFORMATION FOR CERTIFICATEHOLDERS. ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE, AS APPLICABLE, ARE REQUESTED TO EXPEDITE THE RE-TRANSMITTAL OF THIS NOTICE TO CERTIFICATEHOLDERS IN A TIMELY MANNER.
Dated: August 20, 2014
This notice (the “Notice”) is given to you by the Accepting Trustees under certain applicable Pooling and Servicing Agreements, Indentures, Servicing Agreements, Mortgage Loan Purchase Agreements, Assignment and Assumption Agreements and/or other agreements governing the Accepting Trusts and Loan Groups (the “Governing Agreements”).
ACCEPTANCE OF MODIFIED PROPOSED SETTLEMENT AGREEMENT This notice relates to the RMBS Trust Settlement Agreement entered into as of November 15, 2013 and modified as of July 29, 2014 (the “Modified Proposed Settlement Agreement” or “Settlement”), by a group of twenty-one (21) institutional investors (the “Institutional Investors”) and JPMorgan Chase & Co. and its direct and indirect subsidiaries (“JPMorgan”). A copy of the Modified Proposed Settlement Agreement is available at: http://www.rmbstrusteesettlement.com/docs/Modified_Proposed_Settlement_Agreement.pdf. Capitalized terms used in this Notice and not otherwise defined have the meanings assigned to them in the Modified Proposed Settlement Agreement.
In a prior notice to Certificateholders, dated August 1, 2014, the Accepting Trustees informed Certificateholders that on August 1, 2014, the Accepting Trustees notified JPMorgan that, following an evaluation process including consideration of expert reports, they each have accepted the Modified Proposed Settlement Agreement on behalf of the Accepting Trusts and Loan Groups for which they act as trustee, indenture trustee, separate trustee, or successor trustee, subject to Final Court Approval.
FINAL COURT APPROVAL – NOTICE OF A JUDICIAL INSTRUCTION PROCEEDING The Accepting Trustees have filed a petition (the “Petition”) and commenced a judicial instruction proceeding pursuant to CPLR § 7701, In the matter of the application of U.S. Bank National Association, et al., (Index No. 652382/2014) (the “Article 77 Proceeding”), in the Supreme Court of the State of New York, County of New York (the “Court”). In the Article 77 Proceeding, the Accepting Trustees are seeking a judgment that the Accepting Trustees’ acceptance of the Modified Proposed Settlement Agreement on behalf of the Accepting Trusts and Loan Groups was a reasonable and good faith exercise of the Accepting Trustees’ authority under the applicable Governing Agreements, and barring Certificateholders from asserting claims against the Accepting Trustees with respect to the Accepting Trustees’ evaluation and acceptance of the Modified Proposed Settlement Agreement and implementation of the Modified Proposed Settlement Agreement in accordance with its terms. Such a judgment, if granted, would constitute, after becoming final and non-appealable (including the expiration of any time to apply for discretionary review), “Final Court Approval” under and as defined in the Modified Proposed Settlement Agreement.
On August 15, 2014, the Court issued an order (the “August 15 Order”) approving a notice program related to the Article 77 Proceeding and directing, among other things, that:
anyone having an interest in the Accepting Trusts and Loan Groups show cause before the Court at IAS Part 60, to be held at the Courthouse, 60 Centre Street, New York, New York, on the 16th day of December, 2014, at 10:00 a.m. (“Hearing Date”), or as soon thereafter as counsel may be heard, why an order should not be issued, pursuant to CPLR § 7701, granting judgment in favor of the Accepting Trustees, as trustees, indenture trustees, separate trustees, and/or successor trustees for the Accepting Trusts and Loan Groups, on their Petition;
the Court reserves the right to adjourn the Hearing Date or any adjournment thereof without further notice of any kind other than oral announcement on the Hearing Date or any adjournment thereof or e-filed order; and the Court reserves the right to approve the Accepting Trustees’ entry into the Settlement (including with such modification(s) as may be consented to by the parties to the Settlement in accordance with its terms) without further notice of any kind beyond such notice as provided for in the August 15 Order;
any potentially interested person who wishes to be heard in support of or opposition to the Settlement and/or the Petition may appear in person or by an attorney on the Hearing Date and subject to further order of the Court may present evidence or argument that may be proper and relevant; provided, however, that, except for good cause shown, no person shall be heard and nothing submitted by any person shall be considered by the Court in objection to the Settlement unless a written notice of intention to appear along with a statement of such person’s objection to any matters before the Court and the grounds therefor, as well as all documents such person desires the Court to consider, shall be filed with the Court and served upon the Accepting Trustees’ counsel, on or before November 3, 2014;
any potentially interested person who fails to object in the manner required by the August 15 Order shall be deemed to have waived the right to object (including any right of appeal) and shall forever be barred from raising such objection in the Article 77 Proceeding or any other action or proceeding, unless the Court orders otherwise;
on or before December 3, 2014, any papers in response to any such objection, or any submissions in favor of or with respect to the Settlement, shall be filed with the Court and served upon (i) any person who submitted any objection, and (ii) any person who has been granted leave to intervene and entered a formal appearance in the Article 77 Proceeding pursuant to CPLR § 320;
except for good cause shown, no person other than the Accepting Trustees’ counsel shall be heard on the Hearing Date unless such person has submitted an objection, or a submission in favor of or with respect to the Settlement, in accordance with the August 15 Order;
the Court retains exclusive jurisdiction over the Accepting Trustees, the Accepting Trusts and Loan Groups and all trust beneficiaries (whether past, present or future) for all matters relating to the Settlement and the Article 77 Proceeding;
during the pendency of the Article 77 Proceeding, the Accepting Trustees may seek an instruction from the Court before responding to or taking any action with respect to assertions, allegations, notices, or directions from any trust beneficiary relating to the subject matter of the Article 77 Proceeding;
all papers required or permitted to be served by the Accepting Trustees or any party who is subsequently granted leave to intervene shall be served by filing on the court e-filing system (“NYSCEF”), unless a party or recipient is exempt, and by overnight mail or personal delivery;
any papers served by any objector or other potentially interested person who is not formally granted leave to intervene shall be served by filing on NYSCEF, unless a party or recipient is exempt, and by overnight mail or personal delivery to the Accepting Trustees;
two hard copies of all papers served by any person, with proof of service thereof, shall also be filed with the Clerk of Part 60 by the date on which such papers are required to be filed. (For example, paragraph 6 of the August 15 Order requires a written notice of intention to appear to be served and filed by November 3, 2014. Hard copies shall also be filed with the Part 60 Clerk by that date). For any paper for which this Order to Show Cause does not specify a service and filing date, the two hard copies shall be filed with the Part 60 Clerk in advance of the return date and, if possible, at least seven days before the return date. Except for good cause shown, no request to be heard will be granted unless such hard copies are filed pursuant to this paragraph;
any written notice of intention to appear with statement of the grounds for objection, and any other written motions and papers required or permitted to be filed for any purpose in the Article 77 Proceeding shall be subject to the following requirements. Such papers shall be double-spaced and shall not exceed a total of 15 pages, not including documentary evidence, unless an expansion of the page limits is granted by the Court in advance of the filing of the papers. (For example, a notice of intention to appear, statement of grounds for the objection, and memorandum of law in support shall together not exceed 15 pages); and
any request for leave to formally intervene (as opposed to submission of written notice of intention to appear) shall be made by order to show cause, not by separate Petition. Petitions that have been served and filed as of August 15, 2014 will be accepted by the Court.
The August 15 Order is available at: http://www.rmbstrusteesettlement.com/docs/Interim%20Decision%20and%20Order%20on%20Order%20to%20Show%20Cause.pdf.
Following the Article 77 Hearing, the Court will determine, among other things, whether to grant the requested judgment, and will consider other important matters described in the Modified Proposed Settlement Agreement. If the requested judgment is granted and becomes final and non-appealable (including the expiration of any time to apply for discretionary review) and if the other conditions to the effectiveness of the Modified Proposed Settlement Agreement are satisfied, the Modified Proposed Settlement Agreement will become effective and will affect the rights and interests of all Certificateholders, and their successors-in-interests and assigns, in the Accepting Trusts and Loan Groups, including by, among other things, releasing claims against JPMorgan on behalf of the Accepting Trusts and Loan Groups arising out of or relating to Rep and Warranties Claims and Servicing Claims. Please refer to the Modified Proposed Settlement Agreement for a complete description of the releases provided for therein.
If the Court grants the requested judgment and such judgment becomes final and non-appealable (including the expiration of any time to apply for discretionary review) and the other conditions to effectiveness of the Modified Proposed Settlement Agreement are satisfied, all Certificateholders will be bound by the Modified Proposed Settlement Agreement whether or not they appeared in the matter or submitted any objection to the Modified Proposed Settlement Agreement. The Petition, any papers filed in support of the Petition, any orders entered by the Court in the Article 77 Proceeding and other information relevant to the Article 77 Proceeding will be made available at http://www.rmbstrusteesettlement.com/index.php (the “JPM Proposed Settlement Website”), which will be updated when additional papers are filed or additional orders are entered in the Article 77 Proceeding. You should also be able to obtain any documents filed with the Court by visiting the Court’s website:http://iapps.courts.state.ny.us/iscroll/. If you have any questions, you may call (855) 382-6461 in the United States, (513) 785-0998 outside the United States, or send an email toquestions@rmbstrusteesettlement.com.
Certificateholders should NOT direct inquiries to the Court or the Clerk of the Court.
MISCELLANEOUS
This Notice summarizes the Modified Proposed Settlement Agreement and the Article 77 Proceeding and is not a complete statement of the Modified Proposed Settlement Agreement or the Article 77 Proceeding or a summary or statement of relevant law or of relevant legal procedures. Certificateholders and other potentially interested persons are urged to carefully consider the implications of the Modified Proposed Settlement Agreement, including the releases of the Rep and Warranty Claims and Servicing Claims and to consult with their own legal and financial advisors.
Certificateholders and other persons interested in the Accepting Trusts and Loan Groups should not rely on the Accepting Trustees, their counsel, experts or other advisors retained by the Accepting Trustees, as their sole source of information.
Please note that this Notice is not intended and should not be construed as investment, accounting, financial, legal, tax or other advice by or on behalf of the Accepting Trustees, or their directors, officers, affiliates, agents, attorneys or employees. Each person or entity receiving this Notice should seek the advice of its own advisors in respect of the matters set forth herein.
EXHIBIT A List of Accepting Trusts and Loan Groups
Accepted subject to entry of a final court order in a judicial instruction proceeding as set forth in Section
2.03(c) of the Modified Proposed Settlement Agreement.
Unless otherwise indicated, acceptance is with respect to all loan groups or sub-loan groups,
if applicable, of a particular trust.
To View the full press release including the List of Accepting Trusts and Loan Groups ,please click here.
Contacts
GCG
Lael Dowd, 703-447-4920
Permalink: http://www.me-newswire.net/news/12042/en
(BUSINESS WIRE)-- The following statement is being issued by GCG regarding the proposed RMBS Settlement.
NOTICE OF A JUDICIAL INSTRUCTION PROCEEDING IN CONNECTION WITH THE ACCEPTANCE OF THE MODIFIED PROPOSED SETTLEMENT AGREEMENT WITH JPMORGAN
NOTICE IS HEREBY GIVEN TO THE HOLDERS OF CERTIFICATES, NOTES OR OTHER SECURITIES (“CERTIFICATEHOLDERS”) OF THE RESIDENTIAL MORTGAGE-BACKED SECURITIZATION TRUSTS AND LOAN GROUPS IDENTIFIED IN EXHIBIT A HERETO (THE “ACCEPTING TRUSTS AND LOAN GROUPS”) AND OTHER PERSONS POTENTIALLY INTERESTED IN THE ACCEPTING TRUSTS AND LOAN GROUPS. THE CERTIFICATEHOLDERS AND OTHER NOTICE RECIPIENTS SHOULD READ THIS NOTICE AND THE MATERIALS REFERENCED HEREIN CAREFULLY IN CONSULTATION WITH THEIR LEGAL AND FINANCIAL ADVISORS. THE ACCEPTANCE OF THE MODIFIED PROPOSED SETTLEMENT AGREEMENT COULD MATERIALLY AFFECT THE INTERESTS OF THE CERTIFICATEHOLDERS.
NOTICE IS HEREBY GIVEN BY:
THE BANK OF NEW YORK MELLON THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. DEUTSCHE BANK NATIONAL TRUST COMPANY HSBC BANK USA, NATIONAL ASSOCIATION LAW DEBENTURE TRUST COMPANY OF NEW YORK U.S. BANK NATIONAL ASSOCIATION WELLS FARGO BANK, NATIONAL ASSOCIATION WILMINGTON TRUST, NATIONAL ASSOCIATION
EACH, IN ITS CAPACITY AS TRUSTEE, INDENTURE TRUSTEE, SEPARATE TRUSTEE, AND/OR SUCCESSOR TRUSTEE OF THE ACCEPTING TRUSTS AND LOAN GROUPS (COLLECTIVELY, THE “ACCEPTING TRUSTEES” AND EACH AN “ACCEPTING TRUSTEE”), TO CERTIFICATEHOLDERS.
THIS NOTICE CONTAINS IMPORTANT INFORMATION FOR CERTIFICATEHOLDERS. ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE, AS APPLICABLE, ARE REQUESTED TO EXPEDITE THE RE-TRANSMITTAL OF THIS NOTICE TO CERTIFICATEHOLDERS IN A TIMELY MANNER.
Dated: August 20, 2014
This notice (the “Notice”) is given to you by the Accepting Trustees under certain applicable Pooling and Servicing Agreements, Indentures, Servicing Agreements, Mortgage Loan Purchase Agreements, Assignment and Assumption Agreements and/or other agreements governing the Accepting Trusts and Loan Groups (the “Governing Agreements”).
ACCEPTANCE OF MODIFIED PROPOSED SETTLEMENT AGREEMENT This notice relates to the RMBS Trust Settlement Agreement entered into as of November 15, 2013 and modified as of July 29, 2014 (the “Modified Proposed Settlement Agreement” or “Settlement”), by a group of twenty-one (21) institutional investors (the “Institutional Investors”) and JPMorgan Chase & Co. and its direct and indirect subsidiaries (“JPMorgan”). A copy of the Modified Proposed Settlement Agreement is available at: http://www.rmbstrusteesettlement.com/docs/Modified_Proposed_Settlement_Agreement.pdf. Capitalized terms used in this Notice and not otherwise defined have the meanings assigned to them in the Modified Proposed Settlement Agreement.
In a prior notice to Certificateholders, dated August 1, 2014, the Accepting Trustees informed Certificateholders that on August 1, 2014, the Accepting Trustees notified JPMorgan that, following an evaluation process including consideration of expert reports, they each have accepted the Modified Proposed Settlement Agreement on behalf of the Accepting Trusts and Loan Groups for which they act as trustee, indenture trustee, separate trustee, or successor trustee, subject to Final Court Approval.
FINAL COURT APPROVAL – NOTICE OF A JUDICIAL INSTRUCTION PROCEEDING The Accepting Trustees have filed a petition (the “Petition”) and commenced a judicial instruction proceeding pursuant to CPLR § 7701, In the matter of the application of U.S. Bank National Association, et al., (Index No. 652382/2014) (the “Article 77 Proceeding”), in the Supreme Court of the State of New York, County of New York (the “Court”). In the Article 77 Proceeding, the Accepting Trustees are seeking a judgment that the Accepting Trustees’ acceptance of the Modified Proposed Settlement Agreement on behalf of the Accepting Trusts and Loan Groups was a reasonable and good faith exercise of the Accepting Trustees’ authority under the applicable Governing Agreements, and barring Certificateholders from asserting claims against the Accepting Trustees with respect to the Accepting Trustees’ evaluation and acceptance of the Modified Proposed Settlement Agreement and implementation of the Modified Proposed Settlement Agreement in accordance with its terms. Such a judgment, if granted, would constitute, after becoming final and non-appealable (including the expiration of any time to apply for discretionary review), “Final Court Approval” under and as defined in the Modified Proposed Settlement Agreement.
On August 15, 2014, the Court issued an order (the “August 15 Order”) approving a notice program related to the Article 77 Proceeding and directing, among other things, that:
anyone having an interest in the Accepting Trusts and Loan Groups show cause before the Court at IAS Part 60, to be held at the Courthouse, 60 Centre Street, New York, New York, on the 16th day of December, 2014, at 10:00 a.m. (“Hearing Date”), or as soon thereafter as counsel may be heard, why an order should not be issued, pursuant to CPLR § 7701, granting judgment in favor of the Accepting Trustees, as trustees, indenture trustees, separate trustees, and/or successor trustees for the Accepting Trusts and Loan Groups, on their Petition;
the Court reserves the right to adjourn the Hearing Date or any adjournment thereof without further notice of any kind other than oral announcement on the Hearing Date or any adjournment thereof or e-filed order; and the Court reserves the right to approve the Accepting Trustees’ entry into the Settlement (including with such modification(s) as may be consented to by the parties to the Settlement in accordance with its terms) without further notice of any kind beyond such notice as provided for in the August 15 Order;
any potentially interested person who wishes to be heard in support of or opposition to the Settlement and/or the Petition may appear in person or by an attorney on the Hearing Date and subject to further order of the Court may present evidence or argument that may be proper and relevant; provided, however, that, except for good cause shown, no person shall be heard and nothing submitted by any person shall be considered by the Court in objection to the Settlement unless a written notice of intention to appear along with a statement of such person’s objection to any matters before the Court and the grounds therefor, as well as all documents such person desires the Court to consider, shall be filed with the Court and served upon the Accepting Trustees’ counsel, on or before November 3, 2014;
any potentially interested person who fails to object in the manner required by the August 15 Order shall be deemed to have waived the right to object (including any right of appeal) and shall forever be barred from raising such objection in the Article 77 Proceeding or any other action or proceeding, unless the Court orders otherwise;
on or before December 3, 2014, any papers in response to any such objection, or any submissions in favor of or with respect to the Settlement, shall be filed with the Court and served upon (i) any person who submitted any objection, and (ii) any person who has been granted leave to intervene and entered a formal appearance in the Article 77 Proceeding pursuant to CPLR § 320;
except for good cause shown, no person other than the Accepting Trustees’ counsel shall be heard on the Hearing Date unless such person has submitted an objection, or a submission in favor of or with respect to the Settlement, in accordance with the August 15 Order;
the Court retains exclusive jurisdiction over the Accepting Trustees, the Accepting Trusts and Loan Groups and all trust beneficiaries (whether past, present or future) for all matters relating to the Settlement and the Article 77 Proceeding;
during the pendency of the Article 77 Proceeding, the Accepting Trustees may seek an instruction from the Court before responding to or taking any action with respect to assertions, allegations, notices, or directions from any trust beneficiary relating to the subject matter of the Article 77 Proceeding;
all papers required or permitted to be served by the Accepting Trustees or any party who is subsequently granted leave to intervene shall be served by filing on the court e-filing system (“NYSCEF”), unless a party or recipient is exempt, and by overnight mail or personal delivery;
any papers served by any objector or other potentially interested person who is not formally granted leave to intervene shall be served by filing on NYSCEF, unless a party or recipient is exempt, and by overnight mail or personal delivery to the Accepting Trustees;
two hard copies of all papers served by any person, with proof of service thereof, shall also be filed with the Clerk of Part 60 by the date on which such papers are required to be filed. (For example, paragraph 6 of the August 15 Order requires a written notice of intention to appear to be served and filed by November 3, 2014. Hard copies shall also be filed with the Part 60 Clerk by that date). For any paper for which this Order to Show Cause does not specify a service and filing date, the two hard copies shall be filed with the Part 60 Clerk in advance of the return date and, if possible, at least seven days before the return date. Except for good cause shown, no request to be heard will be granted unless such hard copies are filed pursuant to this paragraph;
any written notice of intention to appear with statement of the grounds for objection, and any other written motions and papers required or permitted to be filed for any purpose in the Article 77 Proceeding shall be subject to the following requirements. Such papers shall be double-spaced and shall not exceed a total of 15 pages, not including documentary evidence, unless an expansion of the page limits is granted by the Court in advance of the filing of the papers. (For example, a notice of intention to appear, statement of grounds for the objection, and memorandum of law in support shall together not exceed 15 pages); and
any request for leave to formally intervene (as opposed to submission of written notice of intention to appear) shall be made by order to show cause, not by separate Petition. Petitions that have been served and filed as of August 15, 2014 will be accepted by the Court.
The August 15 Order is available at: http://www.rmbstrusteesettlement.com/docs/Interim%20Decision%20and%20Order%20on%20Order%20to%20Show%20Cause.pdf.
Following the Article 77 Hearing, the Court will determine, among other things, whether to grant the requested judgment, and will consider other important matters described in the Modified Proposed Settlement Agreement. If the requested judgment is granted and becomes final and non-appealable (including the expiration of any time to apply for discretionary review) and if the other conditions to the effectiveness of the Modified Proposed Settlement Agreement are satisfied, the Modified Proposed Settlement Agreement will become effective and will affect the rights and interests of all Certificateholders, and their successors-in-interests and assigns, in the Accepting Trusts and Loan Groups, including by, among other things, releasing claims against JPMorgan on behalf of the Accepting Trusts and Loan Groups arising out of or relating to Rep and Warranties Claims and Servicing Claims. Please refer to the Modified Proposed Settlement Agreement for a complete description of the releases provided for therein.
If the Court grants the requested judgment and such judgment becomes final and non-appealable (including the expiration of any time to apply for discretionary review) and the other conditions to effectiveness of the Modified Proposed Settlement Agreement are satisfied, all Certificateholders will be bound by the Modified Proposed Settlement Agreement whether or not they appeared in the matter or submitted any objection to the Modified Proposed Settlement Agreement. The Petition, any papers filed in support of the Petition, any orders entered by the Court in the Article 77 Proceeding and other information relevant to the Article 77 Proceeding will be made available at http://www.rmbstrusteesettlement.com/index.php (the “JPM Proposed Settlement Website”), which will be updated when additional papers are filed or additional orders are entered in the Article 77 Proceeding. You should also be able to obtain any documents filed with the Court by visiting the Court’s website:http://iapps.courts.state.ny.us/iscroll/. If you have any questions, you may call (855) 382-6461 in the United States, (513) 785-0998 outside the United States, or send an email toquestions@rmbstrusteesettlement.com.
Certificateholders should NOT direct inquiries to the Court or the Clerk of the Court.
MISCELLANEOUS
This Notice summarizes the Modified Proposed Settlement Agreement and the Article 77 Proceeding and is not a complete statement of the Modified Proposed Settlement Agreement or the Article 77 Proceeding or a summary or statement of relevant law or of relevant legal procedures. Certificateholders and other potentially interested persons are urged to carefully consider the implications of the Modified Proposed Settlement Agreement, including the releases of the Rep and Warranty Claims and Servicing Claims and to consult with their own legal and financial advisors.
Certificateholders and other persons interested in the Accepting Trusts and Loan Groups should not rely on the Accepting Trustees, their counsel, experts or other advisors retained by the Accepting Trustees, as their sole source of information.
Please note that this Notice is not intended and should not be construed as investment, accounting, financial, legal, tax or other advice by or on behalf of the Accepting Trustees, or their directors, officers, affiliates, agents, attorneys or employees. Each person or entity receiving this Notice should seek the advice of its own advisors in respect of the matters set forth herein.
EXHIBIT A List of Accepting Trusts and Loan Groups
Accepted subject to entry of a final court order in a judicial instruction proceeding as set forth in Section
2.03(c) of the Modified Proposed Settlement Agreement.
Unless otherwise indicated, acceptance is with respect to all loan groups or sub-loan groups,
if applicable, of a particular trust.
To View the full press release including the List of Accepting Trusts and Loan Groups ,please click here.
Contacts
GCG
Lael Dowd, 703-447-4920
Permalink: http://www.me-newswire.net/news/12042/en