By Brian Honea
The court ruled on Wednesday that no action taken by RBS executives amounted to fraud with relation to the mortgage-backed securities, according to the report, and two out of the three appellate judges shared this opinion. The majority opinion said that “[s]tatements of general corporate optimism, such as these, do not give rise to securities violations.”
The post U.S. 2nd Circuit Court Dismisses MBS Suit Against Royal Bank of Scotland appeared first on DSNews.
Via:: U.S. 2nd Circuit Court Dismisses MBS Suit Against Royal Bank of Scotland