Judge Greenlights Suit Over Goldman's Double-Dealing

Law360, New York (March 21, 2012, 4:43 PM EDT) -- An investor class action claiming Goldman Sachs Group Inc. bet against its own products can go forward, a federal judge ruled Wednesday in an opinion critical of the giant's allegedly “cynical” conduct in the run-up to the financial crisis.

U.S. District Judge Victor Marrero ruled that hedge fund Dodona I LLC can pursue almost all of its claims related to $1.2 billion worth of Goldman-created collateralized debt obligations that became junk as their underlying assets collapsed.

The decision repudiates Goldman's theory that it was legal to...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Dodona I, LLC v. Goldman, Sachs & Co. et al


Case Number

1:10-cv-07497

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Victor Marrero

Date Filed

September 30, 2010

Law Firms

Companies

Government Agencies

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.