| MRU Holdings, Inc. |
The Rosen Law Firm has filed a class action on behalf of all purchasers of MRU Holdings, Inc. securities during the period between July 9, 2007 and September 18, 2008. The Complaint alleges that defendants failed to disclose that (a) the market for Auction Rate Securities, which the Company issued in its first student loan securitization, was illiquid and existed at the whim of broker-dealers; (b) the illusion of liquidity created by the broker-dealers allowed MRU to securitize its student loans on favorable terms; (c) that once the true nature of the ARS market became known, the terms of future securitizations by the Company would not be favorable to the Company; and (d) that without the favorable terms available in the ARS market as a result of manipulation by the broker-dealers, the Company would not have sufficient capital to originate loans, making the Company's business model untenable. The lawsuit seeks to recover investment losses for MRU shareholders. If you would like to join the class action as a plaintiff please click on the link to the right of this page => |
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 Case Summary
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Press Release
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 Read the Complaint
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