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Goldman Hit With Subpoena From Manhattan DA

The Goldman Sachs booth on the floor of the New York Stock Exchange
Getty Images
The Goldman Sachs booth on the floor of the New York Stock Exchange

The Manhattan District Attorney's office delivered a subpoena to Goldman Sachs Thursday requesting information related to testimony Goldman executives gave to the U.S. Senate’s Permanent Subcommittee on Investigations, according to a person familiar with matter.

Senator Carl Levin, the chair of the committee, called on the Justice Department and the Securities and Exchange Commission to investigate whether Goldman executives misled the committee. The committee's report on the financial crisis accused Goldman of misleading buyers of derivatives related to mortgages and profiting at the expense of clients.

Goldman has said it will not comment on specific legal or regulatory issues.

Last month it was widely reported that Goldman expected to receive subpoenas from the Justice Department. It was not previously known that the District Attorney was investigating Goldman.


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