January 26, 2017
Two former Thornburg Mortgage executives headed for a retrial on U.S. Securities and Exchange Commission claims that they misled investors and auditors in connection with $428 million in financial-crisis-era losses slammed the agency's witness disclosure tactics Wednesday, demanding that 17 witnesses be struck after "an unseemly display of hide-the-ball tactics."
September 26, 2016
The U.S. Securities and Exchange Commission has agreed to drop claims that two executives at mortgage lender TMST Inc. hid $428 million in losses from an annual report after a federal jury granted the executives a partial win on other charges in the case, according to a notice filed Friday.
June 30, 2016
Two executives at mortgage lender TMST Inc. defeated U.S. Securities and Exchange Commission claims that they hid $428 million in losses when a New Mexico federal jury handed down a partial verdict in their favor Wednesday.
June 13, 2016
The U.S. Securities and Exchange Commission can tell jurors how much two executives at mortgage lender TMST Inc. were making when they allegedly hid $428 million in losses, but not their overall wealth, a New Mexico federal judge ruled on Monday.
June 09, 2016
The U.S. Securities and Exchange Commission may not use evidence from previous cases to bolster claims that two former TMST Inc. executives omitted a $428 million loss in a 2007 annual company report, a New Mexico federal judge said Thursday.
June 01, 2016
The former top accountant for mortgage company TMST Inc. has agreed to a three-year suspension to settle claims by the Securities and Exchange Commission that she helped hide a $428 million loss in a 2007 annual report, dodging a New Mexico federal trial that was set to begin Monday.
August 24, 2015
A New Mexico federal judge denied a bid by an ex-TMST Inc. executive to toss a U.S. Securities and Exchange Commission suit claiming that he misled investors about the capital position of the since-collapsed mortgage lender in a televised interview on the day of a misleading 2007 annual report, according to an order unsealed Saturday.
May 19, 2014
The former CEO of TMST Inc. urged a federal judge on Friday to can the U.S. Securities and Exchange Commission's claims that he misled investors about the capital position of the since-collapsed mortgage lender in a televised interview given the day of a purportedly misleading 2007 annual report.
March 13, 2012
The U.S. Securities and Exchange Commission on Tuesday sued three former TMST Inc. executives for allegedly misrepresenting investors by omitting a $428 million loss in the now-bankrupt mortgage lender's 2007 annual report.