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National Credit Union Administration Board v. Goldman Sachs and Co et al
Case Number:
2:11-cv-06521
Court:
Nature of Suit:
Judge:
Firms
- Bernstein Litowitz
- Bird Marella
- Cohen & Gresser
- Ervin Cohen
- Kellogg Hansen
- Korein Tillery
- Sullivan & Cromwell
Companies
Government Agencies
Sectors & Industries:
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June 06, 2016
Goldman Sachs To Settle NCUA's $491M Securities Suit
Goldman Sachs & Co. is poised to settle a $491 million lawsuit lodged by the National Credit Union Administration alleging it misrepresented the risk of certain residential mortgage-backed securities, after a California federal judge Monday signed off on barring remaining defendants from going after Goldman for any losses.
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June 17, 2013
Goldman Sachs Can't Dodge $491M MBS Suit
A California federal judge indicated Monday that he will reject Goldman Sachs & Co.'s bid to escape most of a $491 million lawsuit alleging it misrepresented mortgage-backed securities, saying he changed his mind since tentatively ruling in March that the National Credit Union Administration Board's claims were time-barred.
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June 07, 2013
Goldman Slams NCUA's Revival Bid in $491M MBS Suit
Goldman Sachs & Co. urged a California federal judge on Friday to reject the National Credit Union Administration Board's motion for reconsideration of a ruling dismissing several claims in its $491 million fraud suit over mortgage-backed securities the bank sold, saying such "extraordinary remedies" are not justifiable.
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March 14, 2013
Goldman Pares $491M MBS Suit By Credit Union Agency
A California federal judge Thursday tentatively trimmed the National Credit Union Administration Board's $491 million lawsuit accusing Goldman Sachs & Co. of making misrepresentations regarding residential mortgage-backed securities, ruling that several claims of the agency were time-barred.
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March 15, 2012
Goldman Sachs Can't Escape Credit Unions' MBS Suit
A California judge said Thursday he would largely preserve claims by U.S. credit regulators that Goldman Sachs & Co. and others violated securities laws by misleading investors over the riskiness of hundreds of millions in mortgage-backed securities sold to two failed credit unions.