Investor Class Action v. Investment Bank
In this case involving a massive credit card securitization fraud, our client, a major investment bank, was granted summary judgment in an action brought against it by a financial services company. The company had charged off credit card receivables purchased from card-issuing banks and financed its purchases using lines of credit and asset-backed securitizations. The company collapsed into bankruptcy after its massive fraud was exposed. Analysis Group was retained to analyze the solvency of the financial services company. We also undertook an econometric analysis of its portfolio of securitized credit card receivables. We supported our academic affiliate Professor Stuart C. Gilson
of the Harvard Business School, who filed an expert report.