Goldman Sachs Sued by U.S. Over Securities Sold to Failed Credit Unions

August 10th, 2011, 01:12 AM

The NCUA said in a statement that it seeks damages of more than $491 million from Goldman Sachs. The complaint, filed yesterday in federal court in Los Angeles, is the fourth case aimed at recovering almost $2 billion from �sellers and underwriters of questionable securities,� the NCUA said. The agency said it expects to file five to 10 such cases.

Goldman Sachs Sued by U.S. Over Securities Sold to Failed Credit Unions - Bloomberg

August 10th, 2011, 01:13 AM

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Goldman Sachs Sued by U.S. Over Securities Sold to Failed Credit Unions

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Goldman Sachs Sued by U.S. Over Securities Sold to Failed Credit Unions