Last week New York District Court Judge George B. Daniels ruled in favor of author Michael Lewis and his publisher Norton (as well as hedge fund manager Steve Eisman) in a defamation case brought by Wing Chau over passages in a chapter of THE BIG SHORT. As Judge Daniels notes at the end of the ruling–which reads like a blurb for the book–about Chau, who “was one of the largest CDO managers of sub-prime mortgage-backed securities,” that: “Many now view investments in subprime mortgage bonds, and their subsequent disastrous default, as significantly responsible for the greatest economic crisis since the […]
