For the third time in two months, a U.S. judge in Manhattan has revived a mortgage-backed securities suit by relying on a recent decision by the U.S. Court of Appeals for the Second Circuit on standing.
January 29, 2013 at 12:00 AM
1 minute read
For the third time in two months, a U.S. judge in Manhattan has revived a mortgage-backed securities suit by relying on a recent decision by the U.S. Court of Appeals for the Second Circuit on standing.
Southern District Judge Paul Crotty (See Profile) on Jan. 23 enlarged a class action brought by investors who claim they were misled about the risks of mortgage-backed securities arranged by Credit Suisse Group.
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