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Home » Goldman Sachs, Deutsche Bank Agree to Settle Ongoing MBS Lawsuits with Pension Fund, Insurer
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Goldman Sachs, Deutsche Bank Agree to Settle Ongoing MBS Lawsuits with Pension Fund, Insurer

August 21, 2015
Two more long-running legacy MBS lawsuits were resolved last week after defendants Goldman Sachs and Deutsche Bank separately agreed to settle with plaintiffs. The NECA-IBEW Health & Welfare Fund, a union pension fund in Decatur, IL, is seeking preliminary court approval of a $272 million settlement with Goldman Sachs on behalf of entities that purchased MBS issued by defendant GS Mortgage Securities and which Goldman underwrote. If approved, the settlement would put...
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