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Our law firm is investigating potential claims on behalf of Goldman Sachs customers who sustained losses in Hudson CDO Securities, including Hudson Mezzanine Funding 2006-1, Ltd., Hudson Mezzanine Funding 2006-1, Corp., Hudson Mezzanine Funding 2006-2, Ltd., and Hudson Mezzanine Funding 2006-2, Corp. Goldman’s broker-dealer subsidiary, Goldman, Sachs & Co., underwrote, offered and sold the Hudson CDO Securities to investors. Last month, a class action lawsuit was filed against Goldman Sachs relating to Hudson CDO Securities. Potential class members who purchased Hudson CDO Securities from Goldman Sachs should consider whether they should participate in the class action or file an individual securities arbitration claim.
According to the class action suit, “in a classic case of ‘heads we win, tails you lose,’ the defendants failed to disclose to investors both that the CDOs were structured by defendants such that they were doomed to lose value, and that Goldman would profit enormously from proprietary short positions when the CDOs did lose value…By the fall of 2007, both [Hudson] CDOs had, in fact, declined in value significantly, saddling investors with enormous losses.”
KlaymanToskes reminds investors of the benefits of filing an individual securities arbitration claim, as opposed to participating in a class action lawsuit. By participating in a class action lawsuit, an investor may only recover a nominal amount. However, if one has experienced significant losses in Hudson CDO Securities, it may be more beneficial for them to file an individual securities arbitration claim. In 2003, KlaymanToskes conducted a detailed study of securities arbitration versus class action. The study concluded that investors who file a securities arbitration claim traditionally obtain an overall higher rate of recovery as opposed to participating in a class action lawsuit. To view the full results of the comparison, click here