MassMutual Sues Over Worthless MBS
MassMutual has filed suit against Merrill Lynch, Fenner & Smith, Deutsche Bank Securities, Goldman Sachs, JPMorgan Securities and RBS Securities, charging them with misleading the insurer about the risks of the mortgages-backed securities they underwrote between 2005 and 2007 backed by loans issued by Residential Funding.
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