Goldman Receives Subpoena Over Financial Crisis
Recent Cases
Goldman Sachs has received a subpoena from the office of the Manhattan District Attorney, which is investigating the investment bank's role in the financial crisis.
The inquiry stems from a 650-page Senate report from the Permanent Subcommittee on Investigations that found Goldman had "misled" its clients about mortgage-linked securities. Senator Carl Levin, the Democrat of Michigan, who headed up the Congressional inquiry, had sent his findings to the Justice Department to figure out whether executives broke the law.
The subpoena come two weeks after lawyers for Goldman met with the Manhattan District Attorney's office for an "exploratory" meeting about the Senate, the people said.
"We don't comment on specific regulatory or legal issues, but subpoenas are a normal part of the information request process and, of course, when we receive them we cooperate fully," said a Goldman spokesperson.
Shares of Goldman Sachs were down more than 2 percent on Thursday.
Related listings
-
Ark. court upholds conviction in TV anchor slaying
Recent Cases 06/02/2011The Arkansas Supreme Court has rejected an appeal by a man convicted of killing a Little Rock television anchorwoman. Justices said Thursday that Curtis Vance's objections are without merit. Vance had appealed his capital murder and rape convictions ...
-
US investigating Google claim of China hacking
Recent Cases 06/02/2011Authorities in the United States are investigating a Google claim that hackers in China stole email details of senior U.S. government officials -- an issue that illustrates the problem of attribution in cyberspace, the coordinator for cyber issues at...
-
Attorneys to give openings in Mumbai terror case
Recent Cases 05/23/2011The trial of a Chicago businessman accused of helping plan deadly attacks in Mumbai in 2008 is being closely watched worldwide for what testimony might reveal about the global fight against terrorism. Defense attorneys, though, say their case is abou...
Chicago Business Fraud Attorney
Business Fraud can take many forms. In the broadest terms, a fraud occurs when someone intentionally deceives others for personal gain. Many times business fraud is harmful and recovery is necessary. Losing your personal or business’s assets can devastate your entire life. Contact Roth Law Groupto receive help on restoring your business to normalcy before you were victimized with fraud. Business fraud cases can involve multiple people and complicated schemes aimed at deceiving the public, auditors, investigators, or others. Whether you are dealing with corporate fraud or commercial fraud, we can step in and fight back to receive compensation that you deserve.
At Roth Law Group we are devoted to prosecuting and defending the legal rights of individuals and small businesses, as either plaintiff or defendant. Proving fraud can be extremely difficult. To have a successful business fraud case, one must prove that the defendant purposefully set out to defraud the victim. Fraud cases are being investigated more aggressively than ever. With increasing federal regulation and scrutiny of corporate practises, many individuals and businesses find themselves the subject of business fraud investigations.