Class Certified In Goldman Sachs $1B Toxic Assets Suit

Law360, Washington (January 23, 2014, 8:16 PM EST) -- A New York federal judge on Thursday agreed to certify an investor class accusing Goldman Sachs Group Inc. of using collateralized debt obligations to unload $1.2 billion in toxic subprime mortgage-related assets onto hapless investors.

U.S. District Judge Victor Marrero said the class — led by hedge fund Dodona I LLC — had met all requirements under federal law to be certified, while reserving the right to decertify the class should new evidence regarding its suitability come to light.

“It is evident that common questions of...
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