Goldman Gets More Time To Answer SEC Fraud Suit

Law360, New York (June 21, 2010, 7:16 PM EDT) -- The U.S. Securities and Exchange Commission has agreed to give Goldman Sachs Group Inc. another month to respond to allegations that the financial giant played both sides in creating a collateralized debt obligation made up of mortgage-backed securities that was designed to fail.

Judge Barbara Jones of the U.S. District Court for the Southern District of New York signed off Monday on the stipulated agreement, which brings Goldman's deadline to answer in step with that of vice president Fabrice Tourre's, also named as a defendant in...
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