Goldman Sachs Securities Class Action Revived on Appeal
This article is for subscribers only.
A class-action suit against Goldman Sachs Group Inc. over mortgage-backed securities was revived by a federal appeals court in New York.
Investors in 17 securities offerings, led by the NECA-IBEW Health and Welfare Fund, sued Goldman Sachs over securities backed by pools of residential mortgages originated by National City Mortgage Co., Countrywide Home Loans, Washington Mutual Bank and others, according to an opinion by the court today.