LPP Mortgage Ltd. v. Underwood Towers Ltd. Partnership

Summary

The Supreme Court affirmed the trial court's judgment of strict foreclosure in favor of the substitute plaintiff, LPP Mortgage, Inc., in this commercial foreclosure action against the city of Hartford and other defendants. The court held that the doctrine of res judicata barred the city from relitigating its claim that the plaintiff lacked standing to foreclose the mortgage as to Note B, rejecting the city's argument that Bank of New York Mellon v. Tope, released after the Appellate Court resolved the prior appeal in the plaintiff's favor, changed the law of standing. Guided by its companion decision in the same case, which determined that Tope did not change the law governing standing, the court concluded that preclusion applied and expressly declined to decide whether the law of the case doctrine independently barred relitigation.