Plaintiffs May Not Appeal Dismissal of Subclass From Mortgage Reinsurance Action, Calif. Federal Judge Rules

SACRAMENTO, Calif. — A California federal judge has refused to certify for appeal his order dismissing a putative tolling subclass from a mortgage reinsurance fraud action, saying his finding that the Real Estate Settlement Practices Act’s one-year statute of limitations could not be tolled was in line with the 9th Circuit’s ruling in Merritt v. Countrywide Fin. Corp.

Senior Judge Anthony W. Ashii of the U.S. District Court for the Eastern District of California found the plaintiffs have failed to present a substantial ground for difference of opinion.

In June 2008, a group of individuals brought a class …