Filed Under:Claims, Litigation

Allstate Sues Goldman Sachs Over Alleged ‘Junk’ Mortgage Securities

According to the complaint, people at Goldman called the mortgage-backed securities “junk,” “dogs,” “crap” and “lemons.”
According to the complaint, people at Goldman called the mortgage-backed securities “junk,” “dogs,” “crap” and “lemons.”

NU Online News Service, Aug. 16, 11:02 a.m. EST

Allstate Insurance Co. has filed another lawsuit in New York State Supreme Court seeking to recover investment losses on residential mortgage-backed securities.

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