Goldman, CIFG Head To Mediation In $275M MBS Fight

Law360, New York (December 7, 2012, 3:44 PM EST) -- Goldman Sachs Group Inc. and CIFG Assurance North America Inc. on Thursday signed on with a mediator in a dispute over alleged misrepresentations the investment bank made about $275 million in mortgage-backed securities, court filings showed.

The two companies have already engaged in one mediation session and have a second scheduled for Dec. 19, according to the stipulation filed in New York State Supreme Court in Manhattan. The two companies have been locked in a dispute over the portfolio since August 2011.

New York-based bond insurer...
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