☰

Empresas y finanzas

Goldman Sachs ordered to pay $80 million plus interest in 2006 case


    (Reuters) - Goldman Sachs Inc has been ordered to pay $80 million, plus interest, to the National Australia Bank for breaches associated with the sale of mortgage-linked securities, according to a court filing.

    The May 7 decision, that came from an arbitration panel under the Financial Industry Regulatory Authority, granted NAB's request for compensation and also awarded interest at a 3 percent annual rate since December 2006.

    The marketing materials on which the NAB relied for creating a collateralized debt obligation called Hudson Mezzanine Funding 2006-1, masked Goldman Sachs?s "significant conflict of interest with its clients", the panel found.

    The NAB had argued for $230 million in total damages including $80 million in compensatory damages and interest of $60 million.

    The case number is 12-04099.

    (Reporting by Amrutha Penumudi in Bengaluru; Editing by Diane Craft)