Discovery Delayed In $450M Goldman Sachs MBS Suit

Law360, New York (December 5, 2013, 1:51 PM EST) -- Investors can't get any discovery yet for their $450 million mortgage-backed securities lawsuit against Goldman Sachs Group Inc., a New York state judge ruled during a hearing Thursday, saying he first needed a better idea of if he'd dismiss it.

Judge Charles E. Ramos said that he wouldn't allow the investors, entities affiliated with the late German bank WestLB AG, to pursue document discovery from Goldman Sachs until he hears oral arguments on a pending motion to dismiss in January.

"I don't want to put people...
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