Former IndyMac CEO Dodges SEC's Risk-Weighting Claims

Law360, New York (September 10, 2012, 6:10 PM EDT) -- A California federal judge on Monday trimmed the U.S. Securities and Exchange Commission's lawsuit against the former chief executive of IndyMac Bancorp Inc., dismissing claims that he misled investors about the risk-weighing techniques he used to calculate capital ratios at the since-collapsed mortgage lender.

At a court hearing, U.S. District Judge Manuel L. Real granted Michael Perry's motion for partial summary judgment on the SEC's claim relating to the process IndyMac used to figure the capital ratios of IndyMac Bank FSB and the disclosure of the...
To view the full article, register now.