New CDO-claim against Goldman Sachs

In March 2006 the American investment bank Goldman Sachs (GS) sold CDO’s to the German Landesbank Baden-Wuerttemberg (LBBW). Even though GS knew the game on subprime mortgages was played, they promised that the investment was ‘safe, secure and almost risk free’.  So GS acted fraudulent at the moment that the transactions were accomplished. And that is why LBBW is laying a claim for damages to GS.

Source: http://www.tijd.be/nieuws/ondernemingen_financien/Opnieuw_CDO-claim_tegen_Goldman_Sachs.8969945-3095.art

Pieter Batsleer