Mealey's Banking & Finance - Judge: Forensic Sampling May Be Appropriate In Consolidated Securities Lawsuits

Mealey's Banking & Finance - Judge: Forensic Sampling May Be Appropriate In Consolidated Securities Lawsuits

NEW HAVEN, Conn. - Although a Connecticut federal judge on Aug. 4 saw the value in conducting forensic in several residential mortgage-backed securities (RMBS), which comprise thousands of mortgages, he declined to issue a definitive ruling and denied a trust's motion to expedite the matter and conduct an early Daubert hearing (Deutsche Bank National Trust Co. v. WMC Mortgage LLC, et al., No. 3:12-cv-00933, 3:12-cv-969, 3:12-cv-1699 and 3:13-cv-1347, D. Conn.; 2014 U.S. Dist. LEXIS 106327).

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