New York Federal Judge Orders Limited Discovery On Fiduciary Duty Issue

Mealey's (March 22, 2019, 10:10 AM EDT) -- NEW YORK — A New York federal judge on March 15 converted two defendants’ motions to dismiss into motions for summary judgment and ordered the parties to engage in limited discovery regarding whether mortgages included in an investment trust qualify as pension plan assets and whether the servicer of the mortgages qualifies as a fiduciary under the Employee Retirement Income Security Act (Ronald E. Powell, et al. v. Ocwen Financial Corp., et al., No. 1:18-cv-01951, S.D. N.Y., 2019 U.S. Dist. LEXIS 42784)....