Goldman Sachs will go to court over investor fraud

The company faces another charge from investors claiming they were sold securities that Goldman actively betted against

U.S. District Judge Victor Marrero in New York City ruled that Goldman Sachs' dismissal of a lawsuit by investors must go to court. The ruling requires Goldman Sachs to engage in a class-action lawsuit in which the investment firm is accused of defrauding investors in shady deals occurring before the 2008 financial crisis.

The deals included $2 billion of debt sold to the investors now taking Goldman to court who claim that they were sold risky debt linked to subprime mortgages, and that Goldman had been betting against those mortgages. 

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Juliana Kenny

Juliana Kenny is a contributor to, covering a range of topics including patent litigation, conflict mineral laws, executive compensation, and antitrust regulation. Juliana earned B.A.s...

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