Investors have hit Goldman Sachs with a class-action lawsuit for allegedly failing to disclose that it would benefit if its debt products lost value. The investment bank — and several others — say more lawsuits are likely on …
Ambac Financial Group, which Monday declared bankruptcy, is suing the U.S. for attempting to seize $700 million in tax refunds. The bond insurer warns that seizing the refunds could ruin its chances of reorganizing.
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In a regulatory filing, Goldman said it’s reviewing loan practices at Litton Loan Servicing, the firm’s residential mortgage-servicing subsidiary, in response to requests from regulators and states attorneys general.
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Asian markets closed lower Tuesday as the Chinese government formulates new rules to curb sky-high property prices. In Hong Kong the Hang Seng Index fell 1% and in China the Shanghai Composite Index lost 0.8%. Japan’s Nikkei 22…
One major battleground over how robo-signed documents will be treated is the courtroom of Ohio state court judge Nancy Margaret Russo. She had ordered GMAC to appear before her on Monday to provide her with “proof of integrity …