NY Settlement Lets Goldman Sachs Exit La. Bond-Rigging Suit

Law360 (January 21, 2020, 8:59 PM EST) -- A Louisiana federal court said Tuesday that a $20 million settlement in a different case allows Goldman Sachs & Co. LLC to exit a suit alleging the Wall Street titan and other major banks rigged the price of bonds issued by government-sponsored entities such as Fannie Mae and Freddie Mac.

U.S. District Judge Shelly D. Dick pointed to a settlement Goldman Sachs reached in November with investors suing in the Southern District of New York. That deal got preliminary approval last month, court records show.

Under the terms of that deal, Judge Dick said, the state of Louisiana is a class...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS