Barclays Sued By German Lender Over MBS

23 Feb 2012

HSH Nordbank has filed suit against Barclays in New York in connection with the sale of $122.7 million in residential mortgage-backed securities to the German lender.

HSH Nordbank has filed suit against Barclays in New York in connection with the sale of $122.7 million in residential mortgage-backed securities to the German lender. Nordbank charges Barclays with making misrepresentations and omissions in its offering materials about the loans underlying the RMBS.

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