Case Details for "Triad Guarantee Corporation (Nasdaq:TGIC)"

An investigation has been commenced against Triad Guarantee Corporation (Nasdaq:TGIC) for possible securities law violations. The investigation focuses on, among other things, whether Triad misstated its financial results by failing to adequately account for its loss reserves in violation of Generally Accepted Accounting Principles and whether the Company engaged in proper underwriting practices related to insurance written in 2006 and 2007 which resulted in the Company being exposed to far greater risks of losses and defaults than had been disclosed.

Posted on:01/12/2009
Company: Triad Guarantee Corporation (Nasdaq:TGIC)
Affected Class: Shareholders who purchased Triad common stock between October 26, 2006 and June 18, 2008
Scope: Nationwide

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