BlackRock and Pimco taking action against California city’s ‘eminent domain’ ploy

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Aug. 8, 2013

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Several large bond investors including BlackRock Inc. and Pacific Investment Management Co. (Pimco) filed a complaint to the federal court in San Francisco yesterday, seeking to preempt Richmond, Calif.’s plan to seize a select group of underwater mortgages via eminent ...

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