Andrews Securities Litigation and Regulation Reporter
October 28, 1998
Motion to Dismiss
Copyright (c) 1998 Andrews Publications
PREPAYMENT ASSUMPTIONS WERE NOT FRAUDULENT, MEGO SAYS
Feeney v. Mego Mortgage
In its motion to dismiss the proposed securities class action filed against it, Mego Mortgage argues the prepayment and default assumptions used by the company to assess the value of its securitized loans were low, but not fraudulent. Robert J....