Law360, New York (October 24, 2017, 8:47 PM EDT) -- Massachusetts Mutual Life Insurance Co. and Goldman Sachs told a Massachusetts federal court Tuesday that they’ve agreed to settle all remaining claims in two lawsuits alleging the lender lied about the quality of at least $175 million worth of residential mortgage-backed securities.
In their joint motion for dismissal, MassMutual and Goldman Sachs & Co. LLC told the court that they’re the only parties remaining in the two lawsuits, which were filed in 2011, and that the claims have been resolved pursuant to a confidential settlement agreement. No details were available about the settlement, except that each party would cover their own...
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