Goldman Subpoenaed Over Senate Report

By FOXBusiness

Gasparino: Goldman Expecting DOJ Subpoena Imminently

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Gasparino: Goldman Expecting DOJ Subpoena Imminently

FBN's Charlie Gasparino breaks down the latest worries at Goldman Sachs.

The legal troubles at Wall Street titan Goldman Sachs (NYSE:GS) may be growing deeper.

Goldman has been subpoenaed by the Manhattan District Attorney's office and New York State in response to information that came to light in a Senate report that accused the bank of misleading buyers of mortgage-backed securities.

A request for a subpoena does not necessarily mean a company is the target of a criminal investigation.  

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A Goldman spokesman said, We dont 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.  

The Senate report, intended to examine the causes of the crisis and not necessarily aimed at bring new legal actions, was the product of a two-year investigation that pored over millions of documents and dozens of interviews.


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