In today's WHO'S News, C-I reports that the Goldman Sachs Group has been sued, once again, over soured mortgage-backed securities.  And, while the complaint was filed this time by an insurer - rather than by an institutional investor - the accusations are based on similar in mature.  [Click for story in WHO'S News.]

C-I's Question or Proposition:   Given the numerous lawsuits filed to-date against Goldman, and presuming that many more multi-million dollar suits will follow, at what point can/may Goldman seek to bundle these individual lawsuits into a class action - i.e., deal with just a single (albeit very large) suit rather than multiple smaller suits.  We would expect that this strategy could result in savings in legal fees and improve productivity among its employees - by reducing the intrusion on personnel who participate in one or more phases of such cases. 

Additionally - and correct us if we're wrong - Goldman would likely face a smaller obligation to those individuals and entities participating in the class action, that it would had each one pursued a separate litigation.

We'll throw this out to C-I members, while directly soliciting comments from our network of attorneys. 

Please send any comments to:  howard@compliance-insights.com.  All emails will be held in strictest confidence.