Starting in late 2006, numerous subprime mortgage lenders have experienced severe financial distress. Rising interest rates, slower house price appreciation, and increasing delinquencies and defaults by borrowers form the backdrop. These difficulties have led to investigations by regulators, bankruptcy filings, and litigation from securities holders.
DOJ declinations show the value of early voluntary disclosure
US Department of Justice (DOJ) declinations involving Robert Bosch GmbH (Bosch) and Campus Eye Management Holdings LLC (Campus Eye) offer early insight into...