First MBS Investor Class Certified

17 Jun 2011

U.S. District Judge Jed Rakoff of the Southern District of New York has certified a class of investors of $16.5 billion in mortgage-backed securities issued by Merrill Lynch, marking the first such certification of a group of MBS purchasers looking to recover losses from the investments.

U.S. District Judge Jed Rakoff of the Southern District of New York has certified a class of investors of $16.5 billion in mortgage-backed securities issued by Merrill Lynch, marking the first such certification of a group of MBS purchasers looking to recover losses from the investments. The ruling ...

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