August 03, 2015
A New York federal judge on Friday approved a $235 million settlement in a class action brought by a pension fund against Citigroup Global Markets Inc., Goldman Sachs & Co. and UBS Securities LLC, the underwriters of mortgage-backed securities issued with allegedly false prospectuses.
July 31, 2015
A New York federal judge signed off Friday on a $73.4 million fees and costs award to Cohen Milstein Sellers & Toll PLLC in a $235 million settlement ending a class action brought by a pension fund against three financial giants over Residential Capital LLC mortgage-backed securities.
June 23, 2015
Cohen Milstein Sellers & Toll PLLC asked a New York federal judge to approve a combined $73.4 million in legal fees and expenses Monday along with its $235 million settlement ending a class action brought by a pension fund against three financial giants over Residential Capital LLC mortgage-backed securities.
February 13, 2015
Citigroup Global Markets Inc., Goldman Sachs & Co. and UBS Securities LLC agreed Friday to pay $235 million to end a class action brought by a pension fund that bought mortgage-backed securities from the former Residential Capital LLC alleging the underwriters issued false prospectuses.
April 28, 2011
A New York federal judge on Thursday greenlighted part of a putative class action claiming that mortgage-backed securities sold by Residential Capital LLC and underwritten by Goldman Sachs Group Inc. contained lies in their offering statements.
April 06, 2010
Narrowing a putative class action over $37 billion in Residential Capital LLC mortgage-backed securities offerings, a federal judge has limited the suit to four of the 59 offerings at issue and upheld core allegations that Residential and underwriters, including Goldman Sachs & Co. and RBS Securities Inc., misled investors about the risks of the investments.