NY High Court Lets Barclays Off Hook Over $1.6B Toxic MBS
The New York Court of Appeals affirmed a lower court's April 2010 dismissal of Oddo Asset Management's suit alleging Barclays knowingly sold doomed securities to the so-called SIV-Lites, called Golden Key and Mainsail, in order to avoid a hit to its balance sheet.
Barclays sold the securities in 2007...
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