Welcome to the RALI MBS Litigation Website
Am I a member of the Class?
The Court has certified a class action asserting claims against Citigroup Global Markets Inc. (“Citigroup”), Goldman, Sachs & Co. (“GS&Co.”), and UBS Securities LLC (“UBS” and, together with Citigroup and GS&Co., the “Underwriter Defendants”), on behalf of a class of initial purchasers that bought certain publicly offered Residential Accredit Loans, Inc. (“RALI”) mortgage-backed pass-through “RALI Certificates” (listed by offering in the table below and CUSIP in Schedule A) directly from the respective Underwriter Defendants (identified in the table below) or their agents, during the respective, relevant time periods (set forth in the table below), and were damaged thereby (the “Class”). You are a member of the Class if you are an initial purchaser of the RALI Certificates listed in the attached Schedule A and you bought those certificates directly from the respective Underwriter Defendants (identified in the table below), or their agents, during the respective, relevant time periods (set forth in the table below), and were damaged thereby (“Class Member”).1
|Offering||Relevant Time Periods||Underwriter Defendants|
|RALI Series 2006-QO3||3/30/2006 – 4/13/2006||Goldman, Sachs & Co.|
|RALI Series 2006-QO5||5/30/2006 – 6/13/2006||UBS Securities LLC|
|RALI Series 2006-QO6||6/29/2006 – 7/14/2006||Goldman, Sachs & Co.|
|RALI Series 2006-QO7||9/29/2006 – 10/13/2006||UBS Securities LLC|
|RALI Series 2006-QO10||12/28/2006 – 1/16/2007||Goldman, Sachs & Co.|
|RALI Series 2006-QS7||6/29/2006 – 7/14/2006||Citigroup Global Markets Inc.|
|RALI Series 2006-QS8||7/28/2006 – 8/11/2006||Citigroup Global Markets Inc.|
|RALI Series 2006-QS15||10/30/2006 – 11/13/2006||
UBS Securities LLC2
Goldman, Sachs & Co.3
|RALI Series 2007-QH2||2/27/2007 – 3/13/2007||Goldman, Sachs & Co.|
|RALI Series 2007-QH3||3/29/2007 – 4/13/2007||Goldman, Sachs & Co.|
|RALI Series 2007-QH4||4/27/2007 – 5/11/2007||Goldman, Sachs & Co.|
|RALI Series 2007-QH5||5/30/2007 –6/13/2007||Goldman, Sachs & Co.|
|RALI Series 2007-QH6||6/28/2007 – 7/13/2007||Goldman, Sachs & Co.|
|RALI Series 2007-QS1||1/30/2007 – 2/13/2007||Citigroup Global Markets Inc.|
|RALI Series 2007-QS2||1/30/2007 – 2/13/2007||Goldman, Sachs & Co.|
|RALI Series 2007-QS5||3/29/2007 – 4/13/2007||Citigroup Global Markets Inc.|
- Click here to search for your CUSIP in the list of offerings above. You can also reach the CUSIP lookup screen from the ‘List of Eligible CUSIPs’ tab on the left.
- Your legal rights are affected whether you act or do not act. Read the Notice of Pendency carefully.
|YOUR LEGAL RIGHTS AND OPTIONS IN THIS PENDING CLASS ACTION|
|EXCLUDE YOURSELF FROM THE CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS POSTMARKED NO LATER THAN December 6, 2014.||Each Class Member will be bound by all determinations and judgments in this lawsuit, whether favorable or unfavorable, unless such person or entity excludes themselves. If you wish to be excluded from the Class, you must either send a direction in writing to be excluded in accordance with the instructions in Section 10 of the Notice of Pendency or bring your own lawsuit concerning any of the RALI Certificates before the Exclusion Date (defined in bold to the left). If you choose to be excluded: (1) you will NOT be entitled to share in any recovery from any settlement or judgment, if any, that may be paid to members of the Class as a result of a trial or other settlement of this lawsuit; (2) you will NOT be bound by any judgment or release entered in this lawsuit; and (3) at your own expense, you MAY attempt to pursue any claims that you have by filing your own lawsuit or taking other action. However, recent developments in law governing litigation brought in this Court may limit, or permanently bar, Class Members’ ability to bring a separate action or lawsuit due to the time that has passed since the purchases of the securities at issue. Class Members may wish to consult with an attorney on this topic before choosing to be excluded from this Litigation.|
- These rights and options - and the deadlines to exercise them - are explained in the Notice of Pendency.
1 The Class does not include the Defendants; the officers, directors, and affiliates of the Defendants at all relevant times; members of their immediate families and their legal representatives, heirs, successors, or assigns; any entity in which any Defendant has or had a controlling interest except for any Investment Vehicle; the Federal National Mortgage Association; and the Federal Home Loan Mortgage Corporation. “Investment Vehicle” means any investment company or pooled investment fund, including, but not limited to, mutual fund families, exchange-traded funds, fund of funds and hedge funds, in which the Defendants, or any of them, have, has, or may have a direct or indirect interest, or as to which its affiliates may act as an investment advisor but of which any Defendants or any of their respective affiliates is not a majority owner or does not hold a majority beneficial interest. Also excluded from the Class are any persons or entities who exclude themselves by bringing their own lawsuit concerning any of the RALI Certificates before the Exclusion Date (defined below) or mailing a request for exclusion in accordance with the requirement set forth in the Notice.
2 As to nine classes of senior certificates designated Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6 and Class R.
3 As to three classes of subordinated certificates designated Class M-1, Class M-2 and Class M-3.