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: Securities Law Prof Blog

Bankruptcy Trustee Goes After Subprime Lender's Underwriters

By Securites Lawprof

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Subprime lender American Business Financial Services (ABFS) went bankrupt three years ago, and purchasers of its high-yield notes, unsophisticated investors who purchased the notes through direct mailings and newspaper ads, lost millions. Now the bankruptcy trustee is looking into the...

Full post as published by Securities Law Prof Blog on April 09, 2008 (boomark / email).

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