UK Investment Firm Sues 15 US Banks After Losing $1.2bn on Subprime RMBS
July 13th, 2010
“UK-based Cambridge Place Investment Management filed a complaint in a Massachusetts court alleging 15 US banks provided false or misleading information about subprime mortgage investments.”
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Related posts:
- Fund Sues Banks for $1.2 Billion Loss Tied to Subprime
- Moody’s Takes Action on $22.7bn Prime Jumbo, Subprime and Alt-A RMBS
- Connecticut AG sues Moody’s, S&P over debt ratings
- US Subprime RMBS Delinquencies Hit 50% for Some Vintages
- Northwest Community Healthcare sues Morgan Stanley for investing in subprime mortgages
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