$165M Securities Settlement Gets Final Approval After Nearly 5-Year Delay

Mealey's (June 13, 2022, 2:21 PM EDT) -- NEW YORK — A federal judge in New York on June 9 granted final approval of a securities class action settlement in a lawsuit against a mortgage lending company, underwriters of mortgage-backed securities (MBS) and others alleging that the defendants took part in a fraudulent scheme to misrepresent the underwriting standards they used in the offering documents for a series of MBS after an objection and appeal delayed the ruling by nearly five years....