IN RE: INDYMAC MORTGAGE-BACKED SECURITIES LITIGATION - Court Grants Class Certification to Purchasers of IndyMac RMBS

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IN RE: INDYMAC MORTGAGE-BACKED SECURITIES LITIGATION – Court Grants Class Certification to Purchasers of IndyMac RMBS

IN RE: INDYMAC MORTGAGE-BACKED SECURITIES LITIGATION – Court Grants Class Certification to Purchasers of IndyMac RMBS

H/T Structured Finance Litigation

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

IN RE: INDYMAC MORTGAGE-BACKED
SECURITIES LITIGATION

– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – x
MEMORANDUM OPINION

Excerpt:

This putative class action concerns mortgage pass-through certificates (the
“Certificates”) issued by IndyMac MBS, Inc. (“IndyMac MBS”) in ten offerings pursuant to two
registration statements and related prospectuses and prospectus supplements (the “Offering
Documents”).1 Lead Plaintiffs Wyoming State Treasurer and Wyoming Retirement System allege
that the Certificates were issued pursuant to materially misleading Offering Documents in violation
of Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 (the “Securities Act”).2 The matter is
before the Court on Lead Plaintiffs’ motion for class certification, appointment as class
representatives, and appointment of class counsel.3

[…]

[ipaper docId=104241765 access_key=key-htq391u0mcz1ms19nce height=600 width=600 /]

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