Goldman Sachs has mounting legal woes
Recent Cases
Goldman Sachs' legal headaches don't start and end with the Securities and Exchange Commission.
Reports surfaced late Thursday that federal prosecutors have opened a criminal investigation into Goldman and its employees, over whether it may have committed securities fraud in its mortgage trading operations.
A representative for the firm would not confirm reports of an inquiry, but said they were not surprised given the scrutiny the firm has endured in recent weeks, adding they would cooperate with any requests for information.
The latest legal action builds on the high-profile civil case brought against the company last month by the SEC, in which the agency charged the firm and one of its employees with defrauding investors in the sale of securities tied to subprime mortgages.
In many ways, the agency's case has become a game changer for Goldman. Not only has it tarnished the gilded reputation of Wall Street's top firm, it also exposed the company to series of new legal attacks across a number of fronts.
Since the SEC announcement, top German and British officials, including UK Prime Minister Gordon Brown, have demanded investigations into the firm's dealings, opening the door to additional regulatory probes.
Related listings
-
Enron law firm sues Goldman Sachs
Recent Cases 04/27/2010The law firm that won Enron investors $7.2 billion in what was one of the largest class action suits in the history of securities law filed charges against Goldman Sachs on Monday.Robbins Geller Rudman and Dowd filed the lawsuit in U.S. district cour...
-
Miami-Dade clinic operator pleads guilty to Medicare fraud
Recent Cases 04/12/2010Ihosvany Marquez spent his Medicare millions on a fleet of luxury cars, authorities say, including a Lamborghini Murcielago with spaceship-like doors that cost $455,959.Early Monday, he pleaded guilty in Miami federal court to healthcare fraud charge...
-
Failed mobile phone dealer ran law firm, say staff
Recent Cases 02/22/2010The former owner of two failed companies was the person in “de facto” charge of Cheadle-based law firm Wolstenholmes prior to its collapse in December, Crain's has discovered.Ex-staff who spoke on condition of anonymity said that Wasim Saddique, who ...
Nicholas C. Minshew - Minshew & Ahluwalia LLP
Nicholas C. Minshew, Attorney at Law, concentrates his practice in the area of Family Law including divorce, separation, child support, child custody, alimony, division of property, separation agreements, domestic violence, prenuptial agreements, and child support enforcement & modification. Mr. Minshew provides legal services to clients in Washington, D.C., and throughout Maryland, including Montgomery County, Frederick County, and Prince George’s County. Mr. Minshew obtained his Juris Doctorate degree from the American University, Washington College of Law in 2000, where he worked as an editor for the Administrative Law Review. After receiving his law degree, Mr. Minshew worked as an attorney for the global law firm of Morgan, Lewis & Bockius LLP, and for Leonard Street & Deinard LLP representing companies in Federal proceedings. During that time, Mr. Minshew redirected his focus to provide legal services directly to individuals and families.