What have I been prattling on for over a year about? This exact point.
How many people have said this didn't matter and wouldn't be a problem? Remember all the apologists for the banksters that said this wouldn't lead to liability, it didn't represent a void transfer, and that all this would be swept under the rug and be ok?
Care to rethink that position.... just a wee bit?
Looks to me like as the Statute of Limitations approaches and the firms in question that have gotten screwed have faced the choice of "shut up or sue" they've decided that the correct response is "Ok, I'll sue."
I doubt they'll be interested in settling for a tiny amount of money either, given the default and economic harm numbers put forward in the complaint.
Nor do I think this will be a singular complaint - drop in your name and play "template" with this one folks.
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