United States First Circuit
Plumbers' Union Local No. 12 Pension Fund v. Nomura Asset Acceptance Corp., 09-2596
In a suit seeking redress for losses suffered when plaintiffs acquired trust certificates representing mortgage-backed securities, district court's dismissal of all claims at the complaint stage of their putative class action is affirmed, except those claims relating to the statements regarding the lending banks' underwriting practices, which are remanded for further proceedings.
Appellate Information
- Decided 01/20/2011
- Published 01/25/2011
Judges
- Boudin
Court
- United States First Circuit