Abstract
A new wave of lawsuits is looming in the aftermath of the financial crisis. This study provides an "objective" examination of legal grounds in securitization instances. It begins by identifying the relevant information on the Goldman Sachs case. Secondly, it focuses on essential legal culpability factors in securitization litigation for fraudulent or negligent representations and also, preventive measures that can be considered to avoid a re-occurrence. The present wave of lawsuits, it is argued, has implications for the financial industry's long-term future.