"such as the market collapse resulting from the 2008 credit crisis. Second, there was a risk that the Court or a jury would find that the Defendants alleged to have violated Section 10(b) of the Exchange Act had not acted with scienter, based on Defendants’ arguments that (i) the housing crisis was completely unexpected; (ii) they could not have anticipated the losses suffered; and (iii) they had not been charged with fraud by any governmental agency."
All we need is the DOJ to dtermine if fraud did exist and this deal is done........