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Loan Modification

: Mortgage Lender Implode-o-Meter

Three Pensions Head Investor Lawsuit Against Goldman Over Subprime Mortgages

By Implode-Explode Heavy Industries

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"The pension schemes filed the suit in an effort to recover losses from the banking giant's alleged misleading statements about Abacus, a credit derivative product based on mortgage-backed securities. Represented by the law firms Robbins Geller Rudman & Dowd LLP and Labaton Sucharow LLP, the funds reportedly suffered the most severe losses connected with the case of any of the proposed plaintiffs,"

Full post as published by Mortgage Lender Implode-o-Meter on March 28, 2011 (boomark / email).

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