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Luminent Mortgage Capital Inc. Case 08/08/2007

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Lawsuit Overview

<p>The original complaint charges defendants with violations of federal securities laws by, among other things, issuing a series of materially false and misleading press releases and SEC filings regarding Luminent’s financial results and business prospects. Specifically, the complaint alleges that Luminent failed to disclose: (i) the Company was not sufficiently liquid; (ii) the...



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