Skip to main content



) --

Goldman Sachs


expects to receive subpoenas soon from U.S. prosecutors seeking more information about the firm's mortgage-related business,

The Wall Street Journal

reported, citing people familiar with the situation.

Officials at Goldman believe the Justice Department will demand certain documents and other information, possibly within days, the



Spokesmen for the company and the Justice Department declined to comment for the newspaper.

Goldman already has turned over hundreds of millions of pages of documents to the Federal Crisis Inquiry Commission, the


noted, and also gave tens of millions of documents to the Senate Permanent Subcommittee on Investigations.

The Senate subcommittee last month referred its findings to the Justice Department, and Goldman officials believe any subpoenas would be issued in response to the information now being looked at by prosecutors, said the people familiar with the situation.

Last week, a

Standard & Poor's equity analyst lowered his price target on Goldman

saying the firm "faces increased risk of a material lawsuit by the Department of Justice for allegedly misleading clients."

-- Written by Joseph Woelfel

>To contact the writer of this article, click here:

Joseph Woelfel

>To submit a news tip, send an email to: