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: Bodily Injury Blog

Insurer Misstated Subprime Liabilities, Lawsuit Says

By Edward Bills

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Shareholders of Triad Guaranty Inc. filed a lawsuit last week accusing current and former executives of violating federal securities laws. According to the class-action lawsuit, the insurer misstated financial results related to subprime and adjustable-rate mortgage products. The lawsuit seeks damages on behalf of shareholders who bought Triad common stock from October 2006 until November 2008.

Full post as published by Bodily Injury Blog on February 02, 2009 (boomark / email).

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