Now we are reading about CIFG Assurance North America Inc.'s suit against Goldman Sachs for making misrepresentations in connection with that portfolio:
Goldman in Mediation With CIFG to Settle Mortgage Suit
By Chris Dolmetsch - Bloomberg Businessweek
Goldman Sachs Group Inc. (GS) and CIFG Assurance North America Inc. retained a mediator as the two companies seek to settle a lawsuit in New York state court in Manhattan, according to a filing.
The insurer sued Goldman Sachs in New York State Supreme Court in August 2011, accusing the New York-based investment bank of making misrepresentations in connection with the securitization of a portfolio of 6,204 mortgage loans.
The two sides have participated in one mediation session and have scheduled another for Dec. 19, according to a document filed in court yesterday.
Read the whole article here