Goldman Execs Hid 'Structured Exits' Scheme, Investor Says

Law360, Los Angeles (February 04, 2013, 8:32 PM ET) -- A Goldman Sachs Group Inc. shareholder filed a derivative suit against a slew of Goldman executives in New York federal court Friday, saying they concealed the fact that the company’s “structured exits,” designed to transfer risk of losses in long-term investments, like mortgage-backed securities, conflicted with clients’ interests.

The complaint, filed by shareholder Michael Brautigam on Friday, raises allegations that the global financial institution’s CEO Lloyd C. Blankfein and other top executives hid the fact that conflicts transpired in connection with the structured exits and filed...
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Case Information

Case Title

Brautigam v. Blankenfein et al

Case Number

1:13-cv-00760

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Paul A. Crotty

Date Filed

January 31, 2013

Sections

Companies Mentioned

Government Agencies Mentioned

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