Goldman Escapes Swath Of Suits In Muni Bond MDL

Law360, New York (August 22, 2011, 6:09 PM EDT) -- Goldman Sachs Group Inc. on Friday exited all but one suit in a multidistrict litigation brought by 21 municipalities alleging it and other financial institutions fixed the prices of municipal derivatives sold in the United States.

U.S. District Judge Victor Marrero granted the plaintiffs' agreement to voluntarily dismiss Goldman Sachs without prejudice from 19 cases within the MDL in New York. But Goldman is still on the hook in a consolidated case brought by Hinds County, Miss.

Terms of Goldman Sach’s stipulation in the 19 cases...
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