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Former IndyMac Execs Reach $6M Settlement Over MBS Claims

By Daniel Wilson ( August 1, 2012, 7:46 PM EDT) -- The lead pension funds in a class action accusing a host of banks and several others of failing to disclose risks inherent in mortgage-backed securities issued by IndyMac Bank told a New York federal court Tuesday they had reached a tentative $6 million partial settlement with five former executives of the failed bank....

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