Prudential, Goldman Settle $375M RMBS Fraud Suit

Law360, Los Angeles (January 6, 2014, 9:24 PM EST) -- A New Jersey federal judge on Monday dismissed Prudential Insurance Company of America Inc.'s lawsuit accusing Goldman Sachs & Co. of fraud and racketeering related to the sale of more than $375 million in residential mortgage-backed securities, after the parties reached an undisclosed settlement.

After Prudential sought voluntary dismissal of the case, U.S. District Judge Susan D. Wigenton's issued a brief order saying the parties had agreed that all asserted claims in the action would be dismissed with prejudice, with each party paying its own attorneys'...
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