{"id":5326,"date":"2012-07-18T00:00:00","date_gmt":"2012-07-18T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2012\/07\/institutional_investors_roundu"},"modified":"2022-05-17T14:04:41","modified_gmt":"2022-05-17T19:04:41","slug":"institutional-investors-roundu","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/institutional-investors-roundu\/","title":{"rendered":"Institutional Investor Roundup: Ex-IndyMac Executives Class Action Securities Case for $6.5M, New York Fed Sells $828M of Mortgage Debt Securities from AIG Bailout, and Survey Says That 25% of Wall Street Employees Believe Cheating is Necessary to Succeed"},"content":{"rendered":"

The former executives of IndyMac Banccorp have consented to settle class-action securities lawsuit related to bank holding company\u2019s collapse when the housing bubble burst. Per the settlement terms, the financial firm\u2019s insurer will pay investors $6.5 million in cash.<\/p>\n

IndyMac shareholders had gone after ex-CEO Michael Perry and ex-finance officer Scott Keys in 2008, contending that they had misled investors about the mortgage lender\u2019s poor financial condition. A month later, federal bank regulators closed down IndyMac Bank. Although the two of them are settling, they were not required to admit to any wrongdoing.<\/p>\n

\u201cAgain, no jail time for anyone,\u201d commented Shepherd Smith Edwards and Kantas, LTD, LLP Founder and Stockbroker Fraud Lawyer William Shepherd<\/a>.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The former executives of IndyMac Banccorp have consented to settle class-action securities lawsuit related to bank holding company\u2019s collapse when the housing bubble burst. Per the settlement terms, the financial firm\u2019s insurer will pay investors $6.5 million in cash. IndyMac shareholders had gone after ex-CEO Michael Perry and ex-finance officer Scott Keys in 2008, contending […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3804,3752,4024,3757],"tags":[],"class_list":["post-5326","post","type-post","status-publish","format-standard","hentry","category-class-action-lawsuits","category-financial-firms","category-indymac","category-mortgagebacked-securities"],"yoast_head":"\nInstitutional Investor Roundup: Ex-IndyMac Executives Class Action Securities Case for $6.5M, New York Fed Sells $828M of Mortgage Debt Securities from AIG Bailout, and Survey Says That 25% of Wall Street Employees Believe Cheating is Necessary to Succeed — Investor Lawyers Blog — July 18, 2012<\/title>\n<meta name=\"description\" content=\"The former executives of IndyMac Banccorp have consented 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