US Court Revives Mortgage Debt Class-Action vs. Goldman
Filed under: Company News, JP Morgan Chase, Goldman Sachs , Bank of America, Wells Fargo & Co
By Jonathan Stempel
NEW YORK, Sept 6 – A federal appeals court has revived a lawsuit accusing Goldman Sachs Group Inc (GS) of misleading investors about the risks associated with mortgage securities offerings.
Thursday’s decision by the 2nd U.S. Circuit Court of Appeals in New York could subject banks to a wider array of claims by mortgage securities investors, by letting them sue over securities in which they did not specifically invest themselves.
The decision allows lead plaintiff…
US Court Revives Mortgage Debt Class-Action vs. Goldman originally appeared on DailyFinance.com on 2012-09-06T15:00:00Z.
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