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Investor Lawsuit Targets 15 Wall Street Banks For Allegedly Duping It Into Buying $2.4B In Subprime Mortgage-Backed Securities

By r morris

In Boston, Massachusetts, The New York Times' DealBook blog reports:Cambridge Place Investment Management is suing 15 Wall Street [] banks for misleading investors about a total of $2.4 billion in mortgage-backed securities that they sold, The Daily Telegraph reported.Cambridge Place, a fund based in Boston, Mass., is suing the U.S. branches of three British banks ? HSBC, Barclays and Royal Bank

Full post as published by The Home Equity Theft Reporter on July 13, 2010 (boomark / email).