Lone Star Fund V (US) v. Barclays Bank PLC, No. 08-11038 - U.S. Fifth Circuit
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Lone Star Fund V (US) v. Barclays Bank PLC, No. 08-11038

In an action claiming that defendant-bank engaged in a fraud relating to mortgage-backed securities that defendant sold to plaintiff, the dismissal of the action is affirmed where the complaint failed to allege a misrepresentation in light of the "repurchase or substitute" clauses in the parties' mortgage-backed securities contracts.

Read Lone Star Fund V (US) v. Barclays Bank PLC, No. 08-11038

Appellate Information

Filed January 11, 2010

Judges

Opinion by Judge Jones