Goldman case likely to unleash torrent of lawsuits - KMOV.com

Goldman case likely to unleash torrent of lawsuits

WASHINGTON (AP) -- Government lawyers are facing many potential pitfalls as they attempt to prove the civil fraud charges against Goldman Sachs & Co.

Experts say the Securities and Exchange Commission will need to lay out a complex set of facts based on what appears to be hazy evidence. SEC lawyers must prove that Goldman misled investors in some mortgage investments that failed.

The charges filed Friday are expected to unleash a torrent of other litigation, including suits from Goldman clients and shareholders and investigations by foreign governments.

Goldman says the charges are "unfounded in law and fact."

(Copyright 2010 by The Associated Press. All Rights Reserved.)

APTV 04-17-10 1700CDT

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