SNR Denton Sued Over Filing Error In $7M Citigroup Deal

Law360, New York (September 26, 2012, 6:52 PM EDT) -- SNR Denton has been hit with a suit by a client over an omission in U.S. Securities and Exchange Commission filings and a delay in correcting the mistake that allegedly affected a $7.3 million securities sale to Citigroup Global Markets Inc.

Impac Secured Assets Corp., which had made the SEC filings in April 2007, claims it was heeding the firm's legal advice when it filed corrected documents six weeks after the omission was identified. The filings were for offerings of certificates related to the Impac Secured...
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