Circuit Court of Appeals refused interlocutory review. (Reuters) - You have to give points for creativity to an Ohio pension fund that lost big when Freddie Mac's share price nosedived at the beginning of the subprime mortgage crisis in 2007.įaced with a decision denying class certification in the fund’s long-running securities fraud case against the government-sponsored housing finance giant (formally known as Federal Home Loan Mortgage Corp), plaintiffs' lawyers for the Ohio Public Employees Retirement System came up with a novel strategy to speed up their class certification appeal even after the 6th U.S.
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