RE: Settlement of Law Suit - See NRWhat you are seeing is a very long drawn out process of settling the sub-prime mortgages and the investment vehicles that were used in that time period. As the maximum term of these mortgages was 5 years, and the ABCP market collapsed in August 2007, next year will hopefully put an end to all of these legacy issues.
The real question for Xceed, what is the new model and can that model be profitable? They have not yet found a niche that provides an acceptable rate of return.