- Goldman Sachs (NYSE:GS) has agreed to pay about $270M in a settlement with pension funds who sued saying Goldman misled them about the safety of residential mortgage-backed securities, Bloomberg reports.
- The suit is among the last few of the lawsuits related to the credit crisis of 2008.
- Goldman had set aside $1.45B this quarter for mortgage-related litigation and regulation.
- Last week, JPMorgan Chase said it would pay $388M to settle a similar suit, filed by the Fort Worth Employees' Retirement Fund over $10B of RMBS.
Bloomberg: Goldman Sachs to pay $270M to settle mortgage securities suit
Recommended For You
About GS Stock
Related Stocks
| Symbol | Last Price | % Chg |
|---|---|---|
| GS | - | - |
| The Goldman Sachs Group, Inc. | ||