Securities
May 23, 2012
Portions of SEC's Indymac case struck
A Los Angeles federal judge on Monday struck large portions of the federal government’s case against two former Indymac Bancorp executives, eviscerating one of the most significant actions filed in the aftermath of the housing crisis.
By Gabe Friedman
Daily Journal Staff WriterA Los Angeles federal judge on Monday struck large portions of the federal government's case against two former IndyMac Bancorp executives, eviscerating one of the most significant actions filed in the aftermath of the housing crisis.
U.S. District Judge Manuel L. Real granted partial summary judgment to the defendants, dismissing some of the claims against former Chief Executive Officer Michael W. Perry and former Chi...
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