Goldman Sachs Can't Dodge $491M MBS Suit

Law360, Los Angeles (June 17, 2013, 8:29 PM EDT) -- A California federal judge indicated Monday that he will reject Goldman Sachs & Co.'s bid to escape most of a $491 million lawsuit alleging it misrepresented mortgage-backed securities, saying he changed his mind since tentatively ruling in March that the National Credit Union Administration Board's claims were time-barred.

U.S. District Judge George H. Wu cited a recent Second Circuit decision in a similar case against Goldman — one he said he disagreed with — as the basis for denying a motion to dismiss that he previously...
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