Goldman Dodges Insurer's $63M MBS Suit In 2nd Circ.

By Max Stendahl ( May 15, 2013, 12:21 PM EDT) -- The Second Circuit on Wednesday refused to revive a $62. 5 million Liberty Mutual Insurance Co. suit alleging Goldman Sachs & Co. hid Fannie Mae's exposure to toxic loans while underwriting the mortgage giant's securities deals in 2007, calling the case a "classic example of pleading fraud by hindsight. ". . .

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