Goldman Subpoenaed By Manhattan DA In Relation To Credit Crisis
By Christina Rexrode and Rachel Beck
06/02/11
NEW YORK (AP) — Goldman Sachs Group Inc. was subpoenaed by the Manhattan District Attorney's office over the investment bank's activities leading up to the financial crisis, a person familiar with the matter told The Associated Press.
Shares of Goldman fell nearly 2 percent Thursday morning after Bloomberg News reported that the bank had been subpoenaed. A subpoena is a request for information and doesn't mean that a company has done anything wrong.
A spokeswoman for Manhattan District Attorney Cyrus Vance Jr. said the office had no update regarding Goldman. Goldman spokesman David Wells said the company doesn't comment on specific regulatory or legal issues, but cooperates fully when it receives a subpoena.
The subpoena follows the April release of a Senate report that showed Goldman had steered investors toward mortgage securities it knew would likely fail....
For the full article, go to:
http://www.huffingtonpost.com/2011/06/02/goldman-sachs-subpoena-credit-crisis_n_870256.html
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