February 17, 2016
A New York federal judge preliminarily approved a $27.5 million settlement Tuesday between Goldman Sachs Group Inc. and a class of investors led by hedge fund Dodona I LLC that sued over toxic collateralized debt obligations.
February 11, 2016
Investors led by hedge fund Dodona I LLC on Thursday asked a New York federal judge to sign off on a $27.5 million settlement of a securities class action brought against Goldman Sachs Group Inc. over toxic collateralized debt obligations, saying the deal provides a good recovery given the risks of further litigation.
November 04, 2015
Dodona I LLC and Goldman Sachs Group Inc. agreed Tuesday to settle mortgage-based securities litigation in a deal that dispatches the megabank's breach of contract and fraud counterclaims after the hedge fund's fraud class action sunk in September.
September 08, 2015
A New York federal judge on Tuesday handed a win to Goldman Sachs Group Inc. in a class action lawsuit over the selling of highly leveraged mortgage-backed securities, finding that the class hadn't shown evidence that Goldman knew the funds would fail.
August 10, 2015
Goldman Sachs Group Inc. told a New York federal judge Monday that it made absolutely no misrepresentations when it sold highly leveraged mortgage-backed securities to a client, asking for a full dismissal of the class action.
February 02, 2015
Goldman Sachs Group Inc. asked a New York federal judge on Monday to rule in its favor as it fights allegations that it fraudulently dumped $2.44 billion in toxic collateralized debt obligations, arguing that the hedge fund leading the class action profited off the investments and that the lawsuit assumes "clairvoyance" on the part of the firm.
January 08, 2015
A New York federal judge refused Wednesday to allow Goldman Sachs to file a decertification motion before a summary judgment motion is decided in a suit accusing the company of fraudulently unloading $2.44 billion in toxic securitized debt.
June 03, 2014
A New York federal judge refused Tuesday to impose a gag order on Goldman Sachs in a suit accusing it of fraudulently unloading $2.44 billion in toxic securitized debt, ruling that the investment bank's previous communications with class members weren't coercive.
January 23, 2014
A New York federal judge on Thursday agreed to certify an investor class accusing Goldman Sachs Group Inc. of using collateralized debt obligations to unload $1.2 billion in toxic subprime mortgage-related assets onto hapless investors.
May 14, 2013
Goldman Sachs Group Inc. CEO Lloyd Blankfein escaped having to testify in an investor class action accusing Goldman of using collateralized debt obligations to unload $1.2 billion in toxic subprime mortgage-related assets onto hapless investors, a New York federal judge ruled Tuesday.