Goldman Can't Duck Prudential's $375M RMBS Fraud Suit

Law360, New York (April 10, 2013, 6:38 PM EDT) -- A New Jersey federal judge on Wednesday refused Goldman Sachs & Co.'s bid to dismiss a lawsuit filed by Prudential Insurance Co. of America and others alleging fraud and racketeering related to the sale of more than $375 million in residential mortgage-backed securities, finding that Prudential so far has shown it can make a case against the bank.

The court rejected Goldman's arguments that Prudential's lawsuit, which hinges on alleged violations of New Jersey laws, should be dismissed because the company is based in New York,...
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