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Entries in Senate Permanent Subcommittee on Investigations (1)

Thursday
Jun022011

Manhattan DA Issues Goldman Sachs a Subpoena

John Foxx | Thinkstock(NEW YORK) --– The Manhattan District Attorney's office issued Goldman Sachs Group Inc. (GS) a subpoena as a result of a report from the Senate Permanent Subcommittee on Investigations.

Goldman Sachs was investigated by Senate Subcommittee and the Securities and Exchange Commission for its role in the national mortgage crisis. In the 639-page report, released in April, Goldman Sachs is accused of making billions of dollars from misleading investors and clients.

Bloomberg News reported on the subpoena and stated that David Wells, a spokesman for the Wall Street firm, said the company does not comment on "specific regulatory or legal issues."

Shares fell by 2 percent after news of the subpoena on Thursday.

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