WSJ:
NEW YORK—Goldman Sachs Group Inc. will have longer to respond to the high-profile lawsuit by the Securities and Exchange Commission over disclosures regarding a collateralized debt obligation tied to subprime mortgages, a judge ruled.
U.S. District Judge Barbara Jones signed off on an extension until July 19 for the investment bank to answer the SEC's allegations. The deadline to respond had been Monday, but the SEC agreed last week to give Goldman more timeto answer the complaint.
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