Defendant Name:
Option One Mortgage Corporation
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
H&R Block, Inc.
SIC Code:
6159
CUSIP:
09367110
Document Reference:
comp-pr2012-76
Document Details
Legal Case Name
SEC v. Option One Mortgage Corporation n/k/a Sand Canyon Corporation
Document Name
Complaint For Violations of the Federal Securities Laws
Document Date
24-Apr-2012
Document Format
Civil Proceeding
Case Number
12-cv-00633
Federal District Court
California, Central District of California
Allegation Type
Securities Offering
Document Summary
According to the SEC: "This case concerns the fraudulent sale of residential mortgage-backed securities ('RMBS') by Option One. Option One was one of the country's largest subprime lenders. In its fiscal year 2006, Option One originated nearly $40 billion in subprime mortgage loans. From on or about January 24, 2007 through March 12, 2007, Option One sponsored over $4.3 billion of RMBS in seven separate offerings."