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Goldman Wins Dismissal of Suit Over CDOs Flagged by Senate Panel

  • Hudson Mezzanine CDOs were among stains to bank's name
  • Plantiffs failed to prove case, judge says in decision

Goldman Sachs Group Inc. won the dismissal of a lawsuit over toxic mortgage-linked investment sales that were criticized by some members of a Senate panel investigating the 2008 financial crisis.

Investors in the collateralized debt obligations failed to show the bank structured the notes, from so-called Hudson Mezzanine Funding deals, to fail or that it hid material, nonpublic information about them, a U.S. judge ruled.