A federal judge has signed off on a $275 million accord in litigation that pension funds pressed against Royal Bank of Scotland and other defendants regarding the sale of certain mortgage-backed securities.
Southern District Judge Loretta Preska (See Profile) on Tuesday gave her final approval to the settlement in New Jersey Carpenters Vacation Fund v. Royal Bank of Scotland Group, 08-cv-05093. The pension funds commenced the litigation in 2008 in connection to the packaging and sale of 14 public offerings of “Harborview” series mortgage-backed securities.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
