IN RE TMST, INC.

Case No. 09-17787 (NVA) Jointly Administered, Adversary Proceeding Case No. 11-00340 (NVA), Civil No. JKB-15-75.

In re TMST, INC. (f/k/a/THORNBURG MORTGAGE, INC.), et al., Debtors. JOEL I. SHER in his capacity as Chapter 11 Trustee for TMST, INC., et al., Plaintiff, JPMORGAN CHASE FUNDING INC., et al., Defendants.

United States District Court, D. Maryland.

July 6, 2015.


Attorney(s) appearing for the Case

JP Morgan Chase Funding Inc., Appellant, represented by Lori S Simpson , Law Office of Lori Simpson LLC.

CitiGroup Global Markets Limited, Appellant, represented by John H Thompson , Cadwalader Wickersham and Taft LLP & Mark Ellenberg , Cadwalader Wickersham and Taft LLP.

Citigroup Global Markets Inc., Appellant, represented by John H Thompson , Cadwalader Wickersham and Taft LLP & Mark Ellenberg , Cadwalader Wickersham and Taft LLP.

Credit Suisse Securities (USA) LLC, Appellant, represented by John F Carlton , Whiteford Taylor and Preston LLP & Todd Michael Brooks , Whiteford Taylor and Preston LLP.

Credit Suisse International, Appellant, represented by John F Carlton , Whiteford Taylor and Preston LLP & Todd Michael Brooks , Whiteford Taylor and Preston LLP.

RBS Securities, Inc., formerly known as Greenwich Capital Markets Inc., Appellant, represented by John F Carlton , Whiteford Taylor and Preston LLP & Todd Michael Brooks , Whiteford Taylor and Preston LLP.

Greenwich Capital Derivatives Inc., Appellant, represented by John F Carlton , Whiteford Taylor and Preston LLP & Todd Michael Brooks , Whiteford Taylor and Preston LLP.

Royal Bank of Scotland PLC, Appellant, represented by John F Carlton , Whiteford Taylor and Preston LLP & Todd Michael Brooks , Whiteford Taylor and Preston LLP.

UBS AG, as successor to UBS Securities, LLC, Appellant, represented by Eric A Kuwana , Katten Muchin Rosenman LLP.

Joel I. Sher, Chapter 11 Trustee, Appellee, represented by Anastasia L McCusker , Shapiro Sher Guinot & Sandler, Daniel Joseph Zeller , Shapiro Sher Guinot Sandler & Joel I Sher , Shapiro Sher Guinot & Sandler.


MEMORANDUM

The matter now pending before the Court is rooted in an ongoing Chapter 11 bankruptcy action in the United States Bankruptcy Court for the District of Maryland ("the bankruptcy proceeding"). The bankruptcy proceeding was initiated in 2009 by TMST, Inc. f/k/a Thornburg Mortgage...

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