11th Circuit Affirms Dismissal Of Suit Seeking Rescission For Loan Securitization

11th Circuit Affirms Dismissal Of Suit Seeking Rescission For Loan Securitization

ATLANTA - An 11th Circuit U.S. Court of Appeals panel on Oct. 21 affirmed the dismissal of a couple's lawsuit seeking rescission or reformation of their mortgage loan, after agreeing with a federal judge in Florida that the plaintiffs were unable to allege that they sustained an injury as a result of the loan's securitization and failed to sufficiently state claims for the requested damages (Sean Barber, et al. v. America's Wholesale Lender, et al., No. 13-12039, 11th Cir.; 2013 U.S. App. LEXIS 21232).

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