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Litigation

Apr. 13, 2016

Goldman Sachs to fork over $5.06B to settle claims

Goldman Sachs Group Inc. has agreed to fork over $5.06 billion to settle claims it fooled investors in the preparation, packaging and presentation of residential mortgage-backed securities it sold between 2005 and 2007.

By Tim O'Connor
Daily Journal Staff Writer

Goldman Sachs Group Inc. has agreed to fork over $5.06 billion to settle claims it fooled investors in the preparation, packaging and presentation of residential mortgage-backed securities it sold between 2005 and 2007. The crumbling of those instruments contributed to the housing crisis and financial meltdown of 2007 and 2008.

The case was prepared by U.S. Attorney Benjamin B. Wagner and his o...

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