Law360, New York (November 04, 2009) -- Wachovia Corp. and the underwriters and auditor of 30 of the company's public offerings have denounced a consolidated class action alleging they downplayed Wachovia’s parlous subprime exposure when selling some $35 billion bond class securities.
On Tuesday, Wachovia, its independent auditor KPMG LLP and 18 underwriters — including Goldman Sachs & Co., UBS Securities LLC and Barclays Capital — urged Judge Richard J. Sullivan of...
