PLAINTIFF’S ORIGINAL PETITION
Securitization No. Number of Loans aboutWhich Defendants MadeMaterial Untrue or Misleading Statements
Number of Loansthat Backed theCertificatesPercentage of Loans aboutWhich Defendants MadeMaterial Untrue or Misleading Statements1 509 678 75.1%2 1,058 1,454 72.8%3 967 1,245 77.7%4 1,025 1,708 60.0%5 2,427 3,734 65.0%6 1,270 2,208 57.5%7 358 641 55.9%8 2,192 3,194 68.6%4.
The certificates are “securities” within the meaning of the
TSA and the 1933 Act.5.
The defendants are liable under the following provisions of the TSA and the 1933Act:
SAMI is liable
as an “issuer”
under Section 11 of the 1933 Act in connectionwith issuing one certificate that Guaranty purchased.
The following defendants, which underwrote certain of the certificatesthat Guaranty purchased, are liable as
der Section 11 of the 1933 Act: Bear Stearns, which is liable in connection with underwriting one certificate; and GMAC, which isliable in connection with underwriting two certificates.
The following defendants, which sold the certificates that Guaranty purchasedwhen they were initially offered to the public, are liable as
” under Article 581
-33 of theTSA: Bear Stearns, which sold two certificates; Deutsche, which sold three certificates; GMAC,which sold two certificates; and Goldman, which sold one certificate.
The method of random sampling that Plaintiff used ensures that conclusions about theentire collateral pool have a margin of error of no more than plus or minus 5.6% at a confidencelevel of 95% (that is, one can be 95% certain that the true percentage in the collateral pool as awhole is within 5.6% of the percentage measured in the sample). For example, one can be 95%certain that the number of loans in Securitization No. 1 about which GMAC, which underwroteand sold to Guaranty the certificate in Securitization No. 1, made untrue or misleadingstatements or omissions is within 5.6% of 509, that is, between 480 and 538. The same margin of error should be applied to all information in this Petition and accompanying Schedules that is based on a random sample of loans in a collateral pool.