2nd Circuit Tweaks ERISA Ruling In Mortgage- Backed Securities Case

( April 23, 2026, 11:54 AM EDT) -- NEW YORK — Responding to the appellees’ request to remove certain language from its decision in an Employee Retirement Income Security Act dispute centered on residential mortgage-backed securities (RMBS), the Second Circuit U.S. Court of Appeals on April 22 issued an amended opinion that — like the initial one — partly reversed and remanded a ruling against pension fund trustees....

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