Thornburg Trustee Ordered To Arbitrate $19M Goldman Suit

Law360, New York (April 23, 2012, 8:10 PM EDT) -- A Maryland federal judge on Thursday granted Goldman Sachs & Co.’s bid to compel Thornburg Mortgage Inc.'s liquidating trustee to arbitrate claims in his $19 million suit accusing the investment bank of contributing to the financial failure of the now-defunct mortgage lender.

U.S. District Judge Catherine C. Blake found that even though the second of two agreements between Goldman and Thornburg, now known as TMST Inc., did not contain an arbitration provision or refer to the arbitration clause in the first agreement, the arbitration agreement in...
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