Goldman Can't Escape $110M MBS Suit By German Bank

Law360, New York (December 6, 2013, 6:42 PM EST) -- Goldman Sachs Group Inc. must face allegations it lied to HSH Nordbank AG about the quality of the loans in $110 million worth of mortgage-backed securities, a New York state judge has ruled, finding that it hadn't waited too long to sue under German law.

Judge Melvin L. Schweitzer sustained most of the allegations in the German bank's complaint, finding that the claims weren't time-barred by Germany's three-year statute of limitations because it was too early to tell if news reports from late 2007 should have...
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