Stockholders v Washington Mutual Asset Acceptance Corporation
Stockholders File Lawsuit Against Washington Mutual Asset Acceptance Corporation
According to the complaint Plaintiff's counsel believes that substantial additional evidentiary support will exist for the allegations set forth herein after reasonable opportunity for discovery. The claims asserted herein under the Securities Act of 1933 (the "Securities Act" or "1933 Act") do not sound in or arise from allegations of fraud.
The mortgages and liens on the mortgaged properties constituting the Certificates' collateral were, as set forth in the Registration Statement, to be the principal source by which Certificate purchasers were to obtain repayment of their investment plus interest. However, as of the date the within action was commenced, Plaintiff's investment suffered a significant loss.
If you bought Washington Mutual Asset Acceptance Corporation securities and would like to obtain information about the Washington Mutual Asset Acceptance Corporation lawsuit, then you are invited to call Kahn Swick & Foti, LLC toll free at (866) 467-1400 extension 100 to speak with an attorney or visit www.ksfcounsel.com.
