We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Goldman Stuck With Pension Fund's Suit Over $1.8M MBS Sale

Law360, Los Angeles (March 27, 2014, 10:06 PM EDT) -- A New York federal judge on Thursday preserved most of a class action accusing Goldman Sachs & Co. of making misleading statements about potential risks in connection with a $1.8 million mortgage-backed securities sale, ruling that a retirement fund had sufficiently pled economic loss.

Denying the bulk of Goldman's motion to dismiss the complaint by the Police and Fire Retirement System of the city of Detroit, U.S. District Judge Miriam Goldman Cedarbaum said the Second Circuit's partial reinstatement of a related class action over the same trust that issued the MBS in the instant suit had "significantly changed the landscape of...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents



Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


New York Southern

Nature of Suit



Subscribers Only

Date Filed

June 3, 2010

Law Firms