Magistrate Finds Borrower Lacks Standing Under California High Court Ruling

Mealey's (May 10, 2017, 1:17 PM EDT) -- FRESNO, Calif. — After finding that a borrower lacked standing under a recently decided California Supreme Court ruling to challenge a foreclosure and that his claims were not cognizably pleaded, a California federal magistrate judge on May 8 recommended that a motion to amend the borrower’s complaint to add new defendants should be denied as futile (David Leroy Newman v. Bank of New York Mellon, et al., No. 1:12-cv-01629, E.D. Calif., 2017 U.S. Dist. LEXIS 70076)....