Judge Ramps Up $46B Goldman, Bank Of Scotland MBS Suit

Law360, New York (May 1, 2013, 10:01 PM EDT) -- A New York federal judge on Tuesday revived the bulk of claims in a pair of class actions against Goldman Sachs Group Inc., Bank of Scotland Group PLC, Residential Capital LLC and others over alleged missteps in mortgage-backed securities offerings, a ruling that will allow the two actions to cover offerings totaling about $46 billion.

U.S. District Judge Harold Baer Jr. renewed several claims brought by the New Jersey Carpenters Vacation Fund, the Boilermaker Blacksmith National Pension Trust and others in two 2008 class actions —...
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