From U.S. News & World Report:
News that the Securities and Exchange Commission filed a civil suit against Goldman Sachs has sent the investment bank's stocks reeling. But are investors overreacting?
To be sure, the case is bad news for Goldman, which has come under fire recently for its handling of mortgage-backed securities during the downturn. Even so, experts agree that the SEC will have to navigate a legal minefield in order to win a verdict against Goldman.
"I do think it's winnable, but it's a very complex case," says Jacob Zamansky, the founder of the New York-based financials and securities law firm Zamansky & Associates. "The SEC is going to have to do its homework.">>>MUCH MORE