Two bits of news
about the $386.5 Million GSE Bonds Litigation: first, the claim filing deadline
has been extended to February 28, 2020. (The objection deadline has likewise
been extended to February 14.) Considering the massive CUSIP list of 59,799 identifiers,
this is some welcome breathing room for claim filers.
The other update is
the official identifier list has shrunk, slightly from 64,000 unique CUSIPs to
course, that is still an extremely daunting number of identifiers. Most
financial settlements involve all of one CUSIP.
CCC is now onboarding clients
to help with this very litigation. We expect to file claims for hundreds of
thousands of unique accounts for GSE Bonds, and have both the expertise and the capacity to take
on hundreds of thousands more. So if the claim filing deadline does not relieve
you, and if the slight contraction of the CUSIP list does not lift your GSE
malaise, then give us a call today at 312-204-6970.