Securitization refers to the practice of pooling and you may packaging fund to have selling in order to traders
This new Torrey Pines judge issued an excellent writ from mandate pointing the newest down judge to give this new Bank’s action for summation wisdom. (Torrey Pines, supra, 216 Cal.Application.3d. within p. 824.) They calculated res judicata banned White’s affirmative protections because “[s]uch affirmative defenses believe the same nucleus out of medical activities and you will raise the same legalities as the the individuals alleged inside [his] earliest revised ailment in case amount 597676. White’s voluntary dismissal which have bias out of their suit but if number 597676 constituted good retraxit and you will dedication to your deserves invoking this new values from res judicata barring relitigation ones affairs since affirmative protections but if number N38961.” (Id. in the pp. 819–820.) The fresh new Torrey Pines courtroom told me, “White’s dismissal which have prejudice but if amount 597676 banned various other action by the Light against the Bank in line with the exact same factual grounds alleged within his basic revised problem” and you may held “White’s dismissal which have prejudice also precluded him regarding asserting people similar issues while the affirmative defenses into Bank’s problem however, if count N38961.” (Id. (suite…)