Due Diligence Issue Prompts Dismissal of $450M RMBS Action

, Commercial Litigation Insider

   | 0 Comments

Investors who bought residential mortgage-backed securities comprised of shoddy mortgage loans from Goldman Sachs cannot adequately plead fraud against the bank because they failed to request and review the loan files themselves, Manhattan Supreme Court Justice Charles Ramos has held.

What's being said

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article# 1202659953944

Thank you!

This article's comments will be reviewed.