Blankfein, Goldman Directors Shake Investors' MBS Suit

Law360, New York (August 14, 2012, 7:29 PM EDT) -- A New York federal judge on Tuesday tossed a putative class action by investors accusing the Goldman Sachs Group Inc. board,  including CEO Lloyd Blankfein, of allowing the firm to mishandle government bailout money, robo-sign thousands of foreclosure documents and knowingly sell mortgage-backed securities that did not comply with underwriting standards.

U.S. District Judge William Pauley III found that the shareholders had failed to prove that Goldman board members ignored any specific red flags that would have alerted them to the fact that the firm was...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Brautigam v. Blankfein et al


Case Number

1:11-cv-04544

Court

New York Southern

Nature of Suit

Stockholders Suits

Judge

William H. Pauley, III

Date Filed

June 30, 2011

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.