Securities Plaintiffs Oppose TMST Sale Notice

Law360, New York (February 9, 2010, 1:54 PM EST) -- 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...
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