Federal Mortgage Lender Away from San francisco bay area v. Nationwide Economic Agency

Federal Mortgage Lender Away from San francisco bay area v. Nationwide Economic Agency

A135898

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Brand new trial courtroom concluded res judicata barred Federal Home loan Bank off San Francisco’s (the bank) allege facing Countrywide Financial Business (Countrywide Financial) and you may sustained Countrywide Financial’s demurrer towards the very first revised grievance instead leave in order to amend.

The financial institution is attractive. It contends the new courtroom erred because of the concluding res judicata banned the allege up against Countrywide Monetary because the [t]right here are zero finally view towards the merits during the a prior step that may keeps considering rise so you’re able to res judicata inside step. Read more