Tag Archive | "Mortgages"

Judge: Goldman must face class-action suit over CDOs.

  The Wall Street Journal (1/24, Chaudhuri, Subscription Publication, 5.91M) reports that a Federal judge ruled Goldman Sachs must face a class-action lawsuit accusing the bank of defrauding investors who bought over $2 billion in CDOs linked to subprime mortgages. Hedge fund Dodona I LLC, which leads the group suing the firm, argues Goldman bet subprime mortgages […]

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