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Goldman Sachs Faces Growing List of Potential Mortgage Lawsuits

Goldman Sachs Group Inc., the fifth-biggest U.S. bank by assets, was sued over its sale of mortgage-linked securities to now-failed credit unions hours after it disclosed a list of other potential complaints.

The National Credit Union Administration filed a lawsuit in California today and said it’s seeking more than $491 million of damages from Goldman Sachs. American International Group Inc., Fannie Mae and Freddie Mac are among firms that have also threatened to take legal action against the bank over mortgage-related securities, Goldman Sachs said in a regulatory filing.