We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Goldman Sachs Added To Fannie Mae Suits

Law360 (October 4, 2006, 12:00 AM EDT) -- Investment bank Goldman Sachs & Co. Wednesday became a defendant in an amended complaint filed over accounting practices at government-sponsored mortgage giant Fannie Mae.

The litigation over certain Fannie Mae-sponsored bond deals that Goldman Sachs allegedly arranged now includes the New York bank. The deals relate to real estate mortgage investment conduits, which are bonds collateralized with mortgage-backed securities.

The bank revealed the litigation in an earnings report filed with the U.S. Securities and Exchange Commission. The regulatory filing said that Goldman Sachs was accused of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.