Main Menu

Our Work

Phoenix Light SF DAC and Kleros Preferred Funding V PLC v. The Bank of New York Mellon

Christopher Bennett was retained as a testifying expert on behalf of plaintiffs to quantify damages related to claims of substandard servicing in the FNLC 2005-1 Trust. Plaintiffs purchased residential mortgage-based securities certificates issued by the Trust and allege that the performance of those certificates was negatively impacted by the master servicer’s failure to enforce contractual servicing requirements and repurchase provisions. Moreover, Plaintiffs contend that The Bank of New York Mellon, in its role as master servicer, failed to adequately monitor the subservicer. As part of his damages analysis, Dr. Bennett calculated the additional payments that would have been made to the certificates absent the alleged conduct. 

Jump to Page

We use cookies to optimize the performance of this site and give you the best user experience. By clicking "Accept," you agree to our use of cookies.

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.