According to its latest quarterly filing, Goldman Sachs Group Inc. faces a class action lawsuit over two collateralized debt obligations (CDOs) it packaged and sold in 2006 and 2007, writes the Wall Street Journal.

The CDO deals, called Hudson Mezzanine Funding 1 and 2, are $1.2 billion of subprime and other residential mortgage-backed securities, which were sponsored by subprime mortgage lenders including Long Beach, New Century, Fremont, Countrywide, Lehman Brothers and Bear Stearns.

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