Court Revives Fraud Claim Against M&T Bank
by Artvoice Staff (@Artvoice) - posted 3:11 pm, May 7, 2013
The fraud case brought in 2011 by CIFG Assurance North America against Goldman Sachs took a dramatic turn today when the New York State Supreme Court’s Appellate Division, First Department, reversed a 2012 ruling by a Manhattan trial judge.
According to this Reuters story:
“The ruling also revived fraud claims against M&T Bank Corp, one of several originators that sold the loans to Goldman. An M&T Bank spokesman did not immediately respond to a request for comment.”