MassMutual, Goldman Move To Dismiss Securities Suit After Reaching Settlement

(November 10, 2017, 8:32 AM EST) -- SPRINGFIELD, Mass. — Stating that they are the last two parties involved in the litigation and have reached a confidential settlement agreement, Massachusetts Mutual Life Insurance Co. and Goldman Sachs & Co. LLC on Oct. 24 jointly moved to dismiss a long-running securities lawsuit in which Goldman and others were alleged to have misrepresented the investment quality of mortgage-backed securities they issued to MassMutual in violation of federal securities laws (Massachusetts Mutual Life Insurance Co. v. Goldman Sachs Mortgage Co., et al., No. 11-30126, D. Mass, and Massachusetts Mutual Life Insurance Co. v. Merrill Lynch, Pierce, Fenner & Smith Inc., et al., No. 11-30285, D. Mass.)....