InvestorsHub Logo
icon url

7nech

10/30/13 5:06 PM

#390979 RE: clawmann #390977

16 Cent that's sad
icon url

PickStocks

10/30/13 7:42 PM

#390985 RE: clawmann #390977

"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........