Relevant:
- The 2nd Circuit's abiding fascination with MBS class certification
- Washington's highest court rules MERS cannot foreclose on homeowners
- The Middle Class Disappears; Rise of the Praetorian Class
- Are MBS class actions a bust? And is that good for banks?
- Goldman Sachs braced for legal battles over financial crisis
2012-11-03 — reuters.com
``"In the context of mortgage-backed securities litigation in which this case arises, the decision will effectively increase by tens of billions of dollars the potential liability that financial institutions face in this and similar class actions," he wrote. "Moreover, the new standard threatens to expand the scope of class actions in many other areas of the law."''
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