BUSINESS
07/14/2010 05:12 am ET Updated May 25, 2011

HUGE Wall Street Settlement Could Be In The Works Over Mortgage Investigations

Many suggest that Wall Street banks may seek a global settlement akin to the 2002 agreement related to stock research. Indeed, Wall Street executives are already discussing among themselves what the broad contours of such a settlement might look like.

"I would be stunned if any of these cases go to trial," said Frank Partnoy, a professor of law at the University of San Diego. "I think Wall Street needs to put this scandal behind it as quickly as possible and move on."

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