Goldman preps for reputational fallout from CDO lawsuits

NEW YORK – Goldman Sachs is anticipating more lawsuits and regulatory investigations in the coming months, sparked by the civil action brought against it by the Securities and Exchange Commission (SEC) on April 16. The bank says it is already defending itself against at least five new shareholder actions and an additional amended filing, all related to collateralised debt obligations (CDO) offered between 2004 and 2007.

The bank also says in an 8-K SEC filing signed by its general counsel on May

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: