Goldman Sachs To Shell Out $5B To End MBS Probes

By Y. Peter Kang (January 14, 2016, 4:56 PM EST) -- Goldman Sachs said Thursday it will pay $5.06 billion to end federal and state investigations in connection with the investment banking giant's underwriting and sale of residential mortgage-backed securities from 2005 to 2007.

Goldman Sachs said as a result of the $5.06 billion settlement, its fourth-quarter earnings will be affected by approximately $1.5 billion on an after-tax basis. (Credit: AP) As part of a deal reached in principle, Goldman Sachs Group Inc. said it will pay a $2.385 billion civil monetary penalty, make $875 million in cash payments and provide $1.8 billion in consumer relief to resolve all claims made by...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!