Indymac Bancorp MBS Settlement

Indymac Bancorp MBS Securities Settlement The lawsuit was settled for $340 million in cash. The following is a summary of the proceedings in this lawsuit: ‘On May 14, 2009, Police and Fire Retirement System of the City of Detroit v. IndyMac MBS, Inc., et al., No. 09 Civ. 04583 (S.D.N.Y.) (the Detroit Action), was filed. […]

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