M.M. Dillon & Co. (“Dillon”) was engaged as financial advisor to support a litigation team representing Morgan Stanley, J.P. Morgan, Bear Stearns and Credit Suisse First Boston in a case involving American Business Financial Services, Inc. (“ABFS” or the “Company”). Dillon performed a forensic review of over $1 billion of MBS securitization transactions that were at the core of the litigation.
About American Business Financial Services,Inc
ABFS, together with its subsidiaries, operates as a financial services organization mainly in the eastern and central portions of the United States, as well as in the state of California. The Company originates, sells and services home mortgage loans through its principal direct and indirect subsidiaries. The company was incorporated in 1985 and is based in Philadelphia, Pennsylvania.
About M.M. Dillon & Co.
M.M. Dillon & Co. (formerly CRT Investment Banking LLC) is an employee owned partnership where industry and product specialists collaborate closely to provide creative, idea-driven advice and solutions to its institutional and corporate clients. M.M. Dillon offers public and private financing, M&A advisory and restructuring advisory services. M.M. Dillon’s team of experienced professionals provides execution capabilities for companies across a range of industry sectors. The firm’s senior banking professionals have a minimum of 20 years of experience with major Wall Street firms.