Page Perry

Sophisticated institutional investors are bringing claims in waves against Wall Street financial institutions for fraud in the sale of mortgage backed securities, CDOs and related exotic investments. Most recently, Charles Schwab Corp. is among a group of financial institutions suing Goldman Sachs for making material misrepresentations and omissions in connection with the offer and sale of mortgage-related securities, according to Liz Moyer and Brett Philbin in their Wall Street Journal article, “Goldman Tallies Possible Litigation Losses.”