Goldman's Blankfein Needn't Testify In $1B Toxic Assets Suit

Law360, Los Angeles (May 14, 2013, 8:55 PM EDT) -- Goldman Sachs Group Inc. CEO Lloyd Blankfein escaped having to testify in an investor class action accusing Goldman of using collateralized debt obligations to unload $1.2 billion in toxic subprime mortgage-related assets onto hapless investors, a New York federal judge ruled Tuesday.

Hedge fund Dodona I LLC has already issued deposition notices for 30 other Goldman employees it says have knowledge of the Hudson 1 and Hudson 2 CDOs and the amount of money Goldman made from selling them, according to U.S. Magistrate Judge Debra Freeman....
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