In This Issue:

- Learning to Stand Again: Revisiting RMBS Class Claims in Light of NECA-IBEW

- Structural Complexity as a Cover for Fraud? Analyzing Losses from Exotic Structured Investment Products

- Meet Our In-House Economic Consultants

- Excerpt from Learning to Stand Again: Revisiting RMBS Class Claims in Light of NECA-IBEW:

The Fall 2010 issue of Financial Litigation Insights addressed a trend by federal courts in limiting investors from representing others in cases for fraud in the residential mortgage backed securities (RMBS) market. Specifically, certain courts precluded class plaintiffs from suing for those who purchased securities derived from the same shelf statement but who did not purchase the same security. Other courts limited classes to investors in the same trust (regardless of tranche level). But those limitations, at least for some, were lifted by the Second Circuit in NECA-IBEW Health & Welfare Fund v. Goldman Sachs & Co., so it may be time to rethink class membership.