Financial Regulatory Forum

BREAKINGVIEWS-Neither Goldman nor Senate makes killer case

By Reuters Staff
April 26, 2010

By Antony Currie

– The author is a Reuters Breakingviews columnist. The opinions expressed are his own –

Copy of shareholder suit against Goldman Sachs, Blankfein over Abacus

April 26, 2010
Goldman Sachs Group Inc <GS.N> and Chief Executive Lloyd Blankfein were hit with a shareholder lawsuit claiming they hid key details about a risky transaction that resulted in civil fraud charges and a plummet in its stock price. Goldman Sachs Group Inc  and Chief Executive Lloyd Blankfein were hit with a shareholder lawsuit claiming they hid key details about its Abacus transaction that resulted in civil fraud charges and a plummet in its stock price.  Here is a copy of the suit.

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U.S. Senate panel releases documents on credit raters’ role in Abacus, financial crisis

By Reuters Staff
April 23, 2010

The Senate Permanent Subcommittee on Investigations released a trove of internal messages and other exhibits from its look at the role credit-rating agencies played in the financial crisis, including several related to the Goldman Sachs Abacus trades at the heart of SEC fraud charges against the bank .  Reuters links to full file of exhibits.

BREAKINGVIEWS – How Goldman Sachs fell out with the SEC

By Reuters Staff
April 20, 2010

– The author is a Reuters Breakingviews columnist. The opinions expressed are his own –

SEC may have hard time finding other suits like Goldman

By Reuters Staff
April 19, 2010

By Matthew Goldstein

NEW YORK, April 19 (Reuters) The civil lawsuit filed by securities regulators against Goldman Sachs Group from the sale of a security linked to subprime mortgages may not open the floodgates for similar enforcement actions of its kind as some believe might happen.

SNAP ANALYSIS – Goldman charges give lift to Lincoln US swaps bill

By Reuters Staff
April 16, 2010

By Roberta Rampton

WASHINGTON, April 16 (Reuters) – Bombshell fraud charges against Goldman Sachs, one of the largest swaps dealers on Wall Street, give new impetus to a tough derivatives reform bill proposed by Senate Agriculture Chairman Blanche Lincoln on Friday.