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Article

Locke Lord LLP | USA | 30 Sep 2008

Novastar plaintiffs appeal subprime dismissal

In early 2007, a purported class of investors in NovaStar Financial Corporation, a residential mortgage lender that made a percentage of its loans to subprime borrowers, sued NovaStar and certain of its directors and officers in the United States District Court for the Western District of Missouri.

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