Madigan Recoups $25 Million to Pension Funds for Goldman Sachs Mortgage-backed Securities, Obtains Additional $16 Million in Consumer Relief
Chicago —(ENEWSPF)–April 12, 2016. Attorney General Lisa Madigan today announced a $41 million settlement with Goldman Sachs as a result of the investment bank’s misconduct in its marketing and sale of risky residential mortgage-backed securities (RMBS) leading up to the 2008 economic collapse. The agreement is part of a $5 billion national settlement forged by the…
