Goldman Sachs Fails to Get Investors' CDO Suit Dismisse [NotSoBreaking] - MarketTicker Forums


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User Info	Goldman Sachs Fails to Get Investors' CDO Suit Dismisse in forum [NotSoBreaking]
Passivesf Posts: 5494 Incept: 2008-02-01	Goldman Sachs Group Inc. (GS) failed to win the dismissal of a lawsuit brought by shareholders claiming they were harmed by conflicts of interest related to collateralized debt obligation transactions. The U.S. Securities and Exchange Commission sued Goldman Sachs in April 2010, alleging fraud tied to CDOs that contributed to the worst financial crisis since the Great Depression. Goldman Sachs’s shares dropped about 13 percent after the lawsuit was filed. The firm paid $550 million to settle with the SEC, the largest penalty in the regulator’s history. http://www.bloomberg.com/news/2012-06-22.... ---------- "Banking institutions are more dangerous to our liberties than standing armies. The issuing power of currency should be taken from central banks and restored to the people, to whom it properly belongs" 2012-06-22 11:09:01 Permalink