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Goldman "Fraud" May Spark Inst'l Lawsuits

Source: FUNDfire
Related Areas: Fund Formation & Investment Management

April 19, 2010


A federal lawsuit alleging that Goldman Sachs deceived clients and business partners in a mortgage securities fund in 2007 could bring a raft of litigation against the firm from high-net-worth and institutional investors who reportedly lost more than $1 billion when the fund collapsed.  Neal Gerber Eisenberg Fund Formation & Investment Management Practice Group partner and chair Michael B. Gray is quoted in an April 19, 2010 FUNDfire article.

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