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A class action launched against Goldman Sachs

Tuesday May 4, 2010

Investment bank Goldman Sachs is the subject of a complaint in partnership to shareholders filed by law firms Zamansky & Associates and Lovell Stewart Halebian Jacobson, officials said in a statement last Monday.

Read also: Goldman Sachs, the trickster, the goat and pigeon

Both firms have filed "a complaint in partnership April 30 in federal court in New York (Southern District) on the part of investors who bought shares of Goldman Sachs from January 2, 2007 and April 16, 2010" when Constable American Stock Exchange (SEC) filed a complaint against the bank, argued the statement.

The SEC filed a complaint against Goldman Sachs and one of its employees, French Fabrice Tourre, accusing them of deceiving customers by selling them financial products backed by very risky market in U.S. housing, which has collapsed in 2007.

According to several American media, American Justice has in turn opened a criminal investigation against the bank but has not yet decided to complain.

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