SOURCE: Frank R. Schirripa, Attorney-at-Law

November 12, 2008 17:59 ET

Frank R. Schirripa, Attorney-at-Law: Lawsuit Filed Against RALI Series 2006-QO1 Trust and Others

NEW YORK, NY--(Marketwire - November 12, 2008) - A lawsuit is pending in the United States District Court for the Southern District of New York, Docket No. 08-CV-8781. The lawsuit was filed on behalf of all purchasers of RALI Mortgage Asset-Backed Pass-Through Certificates traceable or pursuant to a Registration Statement filed with the Securities and Exchange Commission ("Certificates"). The case was filed against RALI Series 2006-QO1 Trust; RALI Series 2006-QO2 Trust; RALI Series 2006-QO3 Trust; RALI Series 2006-QO4 Trust; RALI Series 2006-QO5 Trust; RALI Series 2006-QO6 Trust; RALI Series 2006-QO7 Trust; RALI Series 2006-QO10 Trust; RALI Series 2007-QO1 Trust; RALI Series 2007-QO2 Trust; RALI Series 2007-QO3 Trust; RALI Series 2007-QO4 Trust; RALI Series 2007-QO5 Trust; Residential Accredited Loans, Inc.; the underwriters of the Certificate Offerings; and certain individual defendants. The lawsuit asserts claims under sections 11, 12 and 15 of the Securities Act of 1933. The complaint alleges that defendants made material misstatements and omissions in connection with the offerings including regarding the collateral underlying the Certificates. If you purchased Certificates pursuant or traceable to a misleading Registration Statement, you may file a motion before the court no later than sixty (60) days from today to be appointed to lead the case on behalf of all eligible Certificate purchasers. If you have any questions concerning this matter, please contact plaintiff's counsel, Frank Schirripa, at (212) 964-0046.

Contact Information

  • Contact:
    Frank Schirripa
    (212) 964-0046