US Legal Headline

Mortgage Win for Goldman (sub. req.)
Wall Street Journal | July 22, 2011; Goldman Sachs Group Inc. scored a victory in one of the highest-profile lawsuits that accuses it of duping investors on mortgage securities that were sold during the buildup to the financial crisis. In a ruling that gives Goldman and other securities firms ammunition against investors who are trying to recoup losses suffered on the deals when the housing bubble burst, U.S. District Judge Barbara Jones threw out a 13-month-old suit filed against Goldman by Basis Yield Alpha Fund.