Appellees Urge 2nd Circuit To Affirm Ruling In ERISA Mortgage-Backed Securities Row

(January 26, 2024, 8:31 AM EST) -- NEW YORK — Fighting arguments that a pension fund’s investment in mortgage-backed securities (MBS) made the mortgages plan assets under the Employee Retirement Income Security Act, mortgage servicers told the Second Circuit Court of Appeals that “straightforward application of the governing regulation defeats” those claims....