Surge In CDO-Related Lawsuits Expected

11 Nov 2008

Lawsuits by unhappy investors against the sponsors of collateralized debt obligations are likely to surge in 2009 and 2010 as the value of CDOs continue to sink, according to Sanford C. Bernstein.

Lawsuits by unhappy investors against the sponsors of collateralized debt obligations are likely to surge in 2009 and 2010 as the value of CDOs continue to sink, according to Sanford C. Bernstein. The largest sponsors of CDOs—Merrill Lynch, UBS and Citigroup—also have the most CDOs in default, with ...

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