Massasuchetts Mutual Life Insurance Co. has filed a lawsuit against Merrill Lynch, Deutsche Bank Securities, Goldman Sachs, JPMorgan Securities, and RBS Securities, according to the Boston Business Journal.

The report said that the suit, which was filed with the U.S. District Court, alleged that the five institutions mislead insurer MassMutual regarding the risks on certificates they underwrote between 2005 and 2007 that were backed by MBS issued by Minneapolis-based Residential Funding Co. (RFC).

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