NEW YORK, May 14- Goldman Sachs Group Inc won dismissal on Tuesday of fraud claims brought by a bond insurer over a CDO tied to subprime mortgage securities called Abacus.
NEW YORK, May 14- A New York appeals court dismissed a case against Goldman Sachs Group Inc brought by a bond insurer who claimed it was fraudulently induced to insure the bank's Abacus product tied to subprime mortgages.
NEW YORK, March 27- Citigroup Inc on Wednesday won the dismissal of a lawsuit by Woori Bank over losses from mortgage-related investments, the third such defeat in a U.S. court for a South Korean bank that had been put under state control following financial crises.
BOSTON, March 13- Massachusetts on Wednesday fined Deutsche Bank AG $17.5 million, saying it deceived clients in creating and marketing $10 billion worth of collateralized debt obligations.
BOSTON, March 13- Massachusetts on Wednesday fined Deutsche Bank AG $17.5 million, saying it deceived clients in creating and marketing $10 billion worth of collateralized debt obligations.
Feb 4- Standard& Poor's on Monday said it expects to be the target of a U.S. Department of Justice civil lawsuit over its ratings of mortgage bonds prior to the recent financial crisis. The lawsuit against the McGraw-Hill Cos unit focuses on its ratings in 2007 of various U.S. collateralized debt obligations, S&P said.
*Bank of America, Citigroup also sued. NEW YORK, Dec 27- Royal Bank of Scotland Group Plc on Thursday won the dismissal of a lawsuit by South Korea's Woori Bank over losses from mortgage-related investments, in a case between two big banks put under state control following financial crises.