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Phoenix Light SF Ltd. v. The Bank of New York Mellon

Courts Permissibly By-Passed Article III Standing to Dismiss Suits for Issue Preclusion

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Phoenix Light SF Limited, in its own right and the right of Blue Heron Funding v. Ltd., Blue Heron Funding VI Ltd., Blue Heron Funding VII Ltd., Blue Heron Funding IX Ltd., Kleros Preferred Funding v. PLC, Silver Elms CDO PLC, Silver Elms CDO II Limited, C-Bass CBO XVII Ltd., C-Bass CBO XIV Ltd., and each of Blue Heron Funding V. Ltd., Blue Heron Funding VI Ltd., Blue Heron Funding VII Ltd., Blue Heron Funding IX LTD., Kleros Preferred Funding v. PLC, Silver Elms CDO PLC, Silver Elms CDO II Limited, in their own right, C-Bass CBO XVII Ltd., Blue Heron Funding v. Ltd., Blue Heron Funding VI Ltd., Kleros Preferred Funding v. PLC, Blue Heron Funding IX Ltd., Blue Heron Funding VII Ltd., Silver Elms CDO PLC, Plaintiffs-Appellants v. The Bank of New York Mellon, as Trustee, Defendant-Appellee*

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