Goldman to pay $272 mln to settle mortgage lawsuit
August 14, 2015 6:43 am
Goldman Sachs is to pay $272 million to settle a lawsuit claiming it defrauded investors about the safety of about $6 billion of residential mortgage-backed securities they bought in 2007 and 2008.
The settlement with investors led by the NECA-IBEW Health & Welfare Fund, an electrical workers’ pension fund in Decatur, Illinois was disclosed in filings with the U.S. District Court in Manhattan.
The material has been provided by InstaForex Company – www.instaforex.com
Goldman Sachs is to pay $272 million to settle a lawsuit claiming it defrauded investors about the safety of about $6 billion of residential mortgage-backed securities they bought in 2007 and 2008.
The settlement with investors led by the NECA-IBEW Health & Welfare Fund, an electrical workers’ pension fund in Decatur, Illinois was disclosed in filings with the U.S. District Court in Manhattan.
The material has been provided by InstaForex Company – www.instaforex.com
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