Report: Goldman Sachs Could Face Mortgage-Bond Lawsuit

goldman sachs

The Wall Street Journal’s MarketWatch reported on Monday that Goldman Sachs Group Inc. could soon be hit with a mortgage-bonds lawsuit stemming from the 2008 financial crisis.

According to the news site, the financial giant was informed by federal prosecutors in December of the potential civil lawsuit.

Prosecutors in the U.S. attorney’s office in the Eastern District of California have reportedly “primarily concluded” that Goldman Sachs had “violated federal law in connection with underwriting, securitizing and selling mortgage bonds,” according to MortgageWatch.

Image via flickr/Spoon Monkey

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