Discovery Feud Rages In $7.7B NovaStar MBS Fraud Action
By Pete Brush ( September 1, 2016, 6:30 PM EDT) -- Investors seeking to hold the big banks that underwrote $7.7 billion of bankrupt NovaStar Mortgage Inc.'s mortgage-backed securities liable for fraud ripped the financial institutions in Manhattan federal court Thursday for allegedly walking away from discovery obligations....
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