This is excellent news. I will be watching this with great interest. The Complaint certainly makes a compelling case. It will be interesting to see what the Answer says.
If US Bank and the other parties chose to fight this out, do not expect a quick resolution. Lawsuits like this can take one or more (sometimes quite a bit more) years to resolve, especially if it actually goes to trial. I expect that the defendants will try to drag this out to bleed the plaintiffs' financial resources and force the plaintiffs to cave entirely or at lest settle on unfavorable terms. I sure hope the cynical version of the Golden Rule, stated above, does not apply here.
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