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Home » Store » Taxable » Chase Sues Advanta Over Alleged Deception in Handling of Its Securitization Cash Flows

Chase Sues Advanta Over Alleged Deception in Handling of Its Securitization Cash Flows

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A court battle over the sale of subprime residuals could raise new questions about the accuracy of performance data for subprime securities and how issuers account for these deals. In its suit, filed in a Delaware District Court, Chase is claiming losses to the tune of $70 million as part of what it says was an organized scheme to hide losses on
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