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Thornburg Sues Citi, Goldman, For $2B
Thornburg Mortgage has filed a lawsuit against banks, including JP Morgan Chase, Citigroup and Goldman Sachs.
Thornburg Mortgagehas filed a lawsuit against banks, includingJP Morgan Chase,CitigroupandGoldman Sachs,The Wall Street Journal报告。诉讼寻求逾20亿美元居dgments for a series of alleged actions that forced the mortgage lender into bankruptcy.
The suit, filed by trusteeJoel Sher, alleges that the banks overloaded Thornburg with improper margin calls connected to mortgage backed securities, the acquisition of which had been financed by the banks. Other banks in the suit areBank ofAmericaandCountrywide Home Loansas well as subsidiaries ofBarclays,CreditSuisse,Royal Bank of ScotlandandUBS.
Click here for the story fromThe Wall Street Journal.
Click here for additional coverage fromBloomberg.