Government’s Case Against S&P: Ratings Stopped Making Sense February 6, 2013 By Jonathan Stempel Barely two weeks after the big subprime lender New Century Financial Corp. went bankrupt, a top Standard & Poor’s executive...
Citigroup Settles Securities Lawsuit for $590M August 30, 2012 By Jonathan Stempel Citigroup Inc. agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of...
Judge Allows Investor Lawsuit Over Goldman CDO Conflicts June 22, 2012 By Jessica Dye A federal judge said on Thursday that shareholders can proceed with a lawsuit accusing Goldman Sachs Group Inc. of concealing...
Appeals Court Hears Fraud Claim Against Goldman, TCW Over CDOs April 2, 2012 By Grant McCool A U.S. appeals court was asked on Friday to decide whether Goldman Sachs Group Inc. and TCW Asset Management Co....