1st Circ. Affirms Carlyle Win In Huffington MBS Suit

Law360, New York (February 28, 2011, 8:09 PM EST) -- The First Circuit on Friday upheld a decision to dismiss former Republican Rep. Michael Huffington's lawsuit accusing The Carlyle Group LP of tricking him into making a $20 million investment primarily in Fannie Mae and Freddie Mac mortgage-backed securities.

The appeals court affirmed the U.S. District Court for the District of Massachusetts' February 2010 decision to toss the case, which alleges violations of the Massachusetts Blue Sky Law, the Massachusetts Consumer Protection Act and common-law misrepresentation.

The courts agreed that the case could not be decided...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.