New York, NY: A $21.2 million settlement has been preliminarily approved by a Massachusetts federal judge this week, potentially ending a securities
class action lawsuit that accuses Nomura Holdings Inc. units and executives of lying about the quality of residential mortgage-backed securities they sold preceding the 2008 financial crisis.
A final settlement hearing is scheduled for December.
Among the lead plaintiffs are the Plumbers' Union Local No.12 Pension Fund, and the Plumbers' & Pipefitters' Welfare Educational Fund.
