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Federal judge denies class action status for mortgage investors suing Ally, RBS

A federal judge ruled that a group of investors suing Ally Financial's (GJM: 23.30 +0.91%) Residential Capital unit and Royal Bank of Scotland over mortgage-backed securities losses did not qualify for class action status and must file independently.
The New Jersey Carpenters Health Fund, Vacations Fund and the Boilermaker Blacksmith National Pension Trust sued both companies, [...]

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 Federal judge denies class action status for mortgage investors suing Ally, RBS

 Federal judge denies class action status for mortgage investors suing Ally, RBS
HousingWire

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