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3rd Circ. Urged To Rethink Bear Stearns' Securities Sale

By Hannah Albarazi ( January 7, 2020, 4:51 PM EST) -- A Third Circuit panel wrongly affirmed a finding that Bear Stearns acted in "good faith" when it auctioned off — to itself — mortgage-backed securities that served as collateral on a defaulted loan to HomeBanc Mortgage, the Chapter 7 trustee for HomeBanc has asserted in a bid for en banc rehearing....

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