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Violation Tracker Individual Record

Company: Goldman Sachs Group Inc.
Current Parent Company: Goldman Sachs
Penalty: $27,500,000
Year: 2016
Date: July 1, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: investor protection violation
Mega-Scandal: Toxic Securities
Violation Description: Goldman Sachs agreed to pay over $27 million to settle litigation alleging it shorted collateralized debt obligations that were backed by residential mortgage-backed securities, leading to disastrous consequences for holders of the CDOs.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:10cv7497
Case Name: Dodona I, LLC v. Goldman, Sachs & Co. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.