NEW YORK (Reuters) - Goldman Sachs Group Inc lost its bid to dismiss a lawsuit accusing it of defrauding investors by selling risky debt linked to subprime mortgages that it planned to bet against. The decision by U.S. District Judge Victor Marrero in New York keeps alive a hedge fund's claims over a $2 billion offering of collateralized debt obligations, amid intense scrutiny over Goldman
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Goldman loses bid to end lawsuit over risky CDO
Posted by mortgage 62 days ago (Editorial)
Goldman loses bid to dismiss Hudson CDO lawsuit
Posted by mortgage 63 days ago (Editorial)
(Reuters) - Goldman Sachs Group Inc lost its bid to dismiss a lawsuit accusing it of defrauding investors by selling risky debt linked to subprime mortgages that it planned to bet against. U.S. District Judge Victor Marrero in Manhattan said the hedge fund Dodona I LLC may pursue nearly all its claims against Goldman, including that the bank recklessly or intentionally sold Hudson Mezzanine ...
Ex-Credit Suisse CDO Chief Charged in Scheme to Boost Bonuses
Posted by mortgage 110 days ago (Editorial)
Kareem Serageldin, Credit Suisse Group AG?s former global head of structured credit trading, was charged in a scheme to falsify prices tied to collateralized debt obligations to meet targets and boost year-end bonuses for his $5.35 billion trading book.
S&P May Face SEC Sanctions Over 2007 Rating of Subprime CDO
Posted by mortgage 239 days ago (Editorial)
Standard & Poor?s, the world?s largest provider of credit ratings, may face U.S. regulatory sanctions in connection with its rating of a $1.6 billion collateralized debt obligation in 2007.
SEC mulls charges against S&P in CDO case
Posted by mortgage 239 days ago (Editorial)
(Reuters) - Regulators disclosed they may take action against Standard & Poor's for securities law violations after the ratings agency gave top grades to a package of securitized mortgages in 2007 that quickly soured.
JPMorgan, SEC near CDO deal
Posted by mortgage 382 days ago (Editorial)
Regulator subpoenas Credit Suisse for loan documents. 7 May 2011 9:26 AM
Fund sues Goldman over Hudson CDO
Posted by mortgage 596 days ago (Editorial)
A fund manager who invested in a Goldman Sachs Group Inc subprime mortgage-linked security called Hudson Mezzanine sued the firm for fraud over the product, which is the subject of several investigations.
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