Update on SEC Goldman Sachs suit and Paulson bet

Why is Goldman Sachs stalling on a request from the SEC? 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. Apparently the CDO in question was one that caught the eye …

Steal $6 million and get sentenced to time served

A former analyst in Goldman Sachs Group Inc.’s fixed-income division was sentenced to “time served” Friday after pleading guilty to criminal charges last year in a series of insider-trading schemes that prosecutors said netted more than $6 million in illicit profits. At a hearing Friday, U.S. District Judge Victor Marrero sentenced David Pajcin, 30, to …