NEW YORK - A Second Circuit U.S. Court of Appeals panel on March 1 partially vacated and remanded a ruling that a lead plaintiff in a securities class action lawsuit failed to plead facts that would allow the court to draw a "reasonable inference" that a seller/sponsor of mortgage-backed securities certificates, certain of its officers and directors and underwriters of the certificates concealed their abandonment of underwriting standards in offering documents in violation of federal securities...(read more)![]()
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