A class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all purchasers of securities of Impac Mortgage Holdings, Inc. from May 10, 2006 through August 15, 2007. Plaintiff seeks to recover damages on behalf of class members.
The plaintiff alleges Impac and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Impac is an acquirer, originator, seller and investor of non-conforming Alt-A residential, commercial, and multi-family mortgages.
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