Law360, New York (February 09, 2010, 1:54 PM ET) -- The lead plaintiffs in a consolidated securities class action against bankrupt real estate investment firm TMST Inc., formerly known as Thornburg Mortgage Inc., have objected to a notice of sale, claiming it needs to include a provision that the purchaser has a duty to preserve documents that may be relevant to the pending securities case.
The plaintiffs filed a limited objection in the U.S. Bankruptcy Court for the District of Maryland on Monday, arguing that the U.S. trustee’s sale notice of TMST’s mortgage servicing portfolio and...
Securities Plaintiffs Oppose TMST Sale Notice
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