2012-08-29 — housingwire.com
The first suit was levied against investment bank Goldman Sachs in the Supreme Court of the State of New York.
In that case, HSH Nordbank claims the investment bank and its subsidiaries packaged and sold $110.5 million in mortgage-backed securities without disclosing the true quality of the underlying loans.
The international bank is now seeking damages or rescissions to recover its losses. ...
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