2nd Circ. Amends Revival Of Mortgage-Backed Securities Suit

By Kellie Mejdrich · April 22, 2026, 7:22 PM EDT

The Second Circuit on Wednesday pulled back from a holding that mortgages underlying a union pension fund's mortgage-backed securities investments that tanked during the financial crisis were plan assets under federal...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Case Information

Case Title

Powell v. Ocwen Financial Corporation

Case Number

Court

Appellate - 2nd Circuit

Nature of Suit

3791 LABOR LAWS-Retirement Act 1974

Date Filed

June 30, 2023

Recent Articles By Kellie

April 10, 2026
NJ Holding Co. Escapes $1M Printers' Union Pension Liability
March 26, 2026
2nd Circ. Reopens Mortgage-Backed Securities ERISA Suit
September 19, 2025
Union's $3.5M OT Pension Suit Win Overturned At 3rd Circ.
August 07, 2025
Trump Greenlights Private Equity, Crypto 401(k) Investing
April 09, 2025
Mortgage Co. Can't Toss 401(k) Mismanagement Suit
September 05, 2024
2nd Circ. Chilly To Mortgage-Backed Securities ERISA Suit
January 19, 2023
Fluor 401(k) Mismanagement Class Action Tossed
October 21, 2022
Morgan Lewis Picks Up Benefits Pro From Stroock In NYC