Asked what value additional litigation by New York has, Schneiderman said that the state's claim serves a different though complimentary purpose.
"It's really about protecting the market," he said, adding that the state reviewed more than a million pages of documents during its investigation.
New York's press release announcing the suit included praise from other members of the federal-state mortgage backed securities task force, including the Federal Housing Finance Agency's inspector general, the Department of Justice, and the SEC.
