Thursday, June 2, 2011

Goldman Subpoenaed By Manhattan DA In Relation To Credit Crisis

Goldman Sachs Group received a subpoena from New York prosecutors seeking information on the investment bank's role leading into the global financial crisis, a person familiar with the matter said.

The subpoena from the Manhattan District Attorney's office is based on information contained in a Senate subcommittee investigation into Wall Street's role in the housing market collapse.

The Manhattan District Attorney's office was not immediately available to comment.

"We don't comment on specific regulatory or legal issues, but subpoenas are a normal part of the information request process and, of course, when we receive them we cooperate fully," Goldman said in a statement.

Goldman's shares were down 2 percent in a broadly flat market.

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