IndyMac CEO Off Hook For SEC's Risk-Weighting Claims

Law360, New York (July 18, 2012, 10:37 PM EDT) -- A California federal judge on Monday agreed to dismiss the U.S. Securities and Exchange Commission's subprime risk-weighting claims against the former CEO of failed mortgage lender IndyMac Bancorp. Inc., leaving only the question of whether he should have disclosed additional details to investors in 2008.

At a court hearing, U.S. District Judge Manuel L. Real granted Michael Perry's motion for partial summary judgment on the SEC's claim relating to the risk weighting IndyMac used to calculate the capital ratios of IndyMac Bank FSB and the disclosure...
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