In Re: PMI Group Inc. Security Litigation (D.California, November 2, 2009)
Judge Susan Illston of the U.S. District Court for the Northern District of California on Monday, November 2, 2009, denied the insurer’s request to dismiss a proposed securities class action against mortgage insurer PMI Group Inc. Judge Illston found that the investors’ amended complaint cured the deficiencies outlined in a previous order dismissing parts of the lawsuit.
The lawsuit was filed in April 2008 and accused the insurer of concealing the …
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