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'...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.