Goldman Sachs Must Face Lawsuit Over 2007 Mortgage Bonds
This article is for subscribers only.
Goldman Sachs Group Inc. failed to persuade a federal judge to again throw out a securities lawsuit over residential mortgage-backed securities it sold in 2007 after an appeals court overturned an earlier decision.
U.S. District Judge Miriam Goldman Cedarbaum in Manhattan, who had dismissed the lawsuit by the Police and Fire Retirement System of the City of Detroit twice before, ruled yesterday that a 2012 appellate decision overturning her findings in a related lawsuit had “significantly changed the landscape.”