Advisor.ca - Daily News - Fraud immunity threatens to derail deal
Advisor.ca - Daily News - Fraud immunity threatens to derail deal May 20, 2008 | Mark Noble A requirement that would extinguish the right of noteholders to bring legal action against the sponsors of asset-backed commercial paper (ABCP) — even in the event of perceived fraud — does not sit well with the judge tasked with giving final approval to a restructuring deal on $32 billion of the frozen investments.
