Goldman preps for reputational fallout from CDO lawsuits

David Benyon
02 Jun 2010

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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

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