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OPINION

*1 In June 2017, the Court denied plaintiffs’ motion for a preliminary injunction as well as defendant’s motion to dismiss the Second Amended Complaint. Shortly thereafter, defendant U.S. Bank National Association moved for reconsideration of the Court’s decision denying the bank’s motion to dismiss that complaint. The bank sought reconsideration on the grounds that (1) subsequent to the denial of its motion, it determined that it should reject the proposed settlement of the New York state court action under consideration at the time of the Court’s June order — on which Ambac’s complaint focused in large part — and (2) the Court sustained plaintiffs’ claims based on a legal theory supposedly not set forth in the pleadings. U.S. Bank thus asked the Court to reconsider and, upon reconsideration, grant the bank’s motion to dismiss pursuant to Fed. R. Civ. P. 12(b)(1) and 12(b)(6).After hearing argument in December 2017, the Court orally announced its decision to grant the motion for reconsideration and dismiss the complaint with prejudice. (See Order, Doc. 51.) This opinion memorializes the reasons for that decision.I. BackgroundThis action concerns defendant U.S. Bank’s responsibilities as the trustee of Harborview Mortgage Loan Trust 2005-10, a residential mortgage-backed securities trust backed by loans originated by Countrywide Home Loans, Inc. Plaintiff asserts that the trust has suffered

 
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