Here's a bit of positive news for a class-action lawsuit against Goldman Sachs:
Supreme Court Rejects Goldman Sachs Appeal in Mortgage-Backed Securities Case
By Brent Kendall - Fox Business (Dow Jones)
The U.S. Supreme Court on Monday refused to consider an appeal by subsidiaries of Goldman Sachs Group Inc. (GS)
that sought to derail a class-action lawsuit alleging the company
provided false and misleading information about mortgage-backed
securities it underwrote and issued.
Institutional investor NECA-IBEW Health & Welfare Fund alleged
Goldman Sachs' investment materials for 17 offerings of mortgage-backed
certificates provided a variety of misleading information, including on
the practices of mortgage lenders and the appraisals of the properties
backing the securities.
Read the whole article
here
No comments:
Post a Comment