National Australia Bank Ltd (NAB) is pursuing Goldman Sachs for $US230 million ($A254 million) in damages, which NAB claims would compensate it for losses it incurred on toxic mortgage assets sold by Goldman Sachs, according to The Australian Financial Review.
The claim dates back to deals made prior to the global financial crisis, when NAB claims Goldman Sachs committed wrongdoing in relation to the sale of collateralised debt obligations that later collapsed.
NAB previously settled a class action brought forward by its investors who lost money when NAB disclosed the extent to which it was exposed to CDOs.
Goldman faces several complaints or proceedings over its actions prior to the global financial crisis.
Neither NAB nor Goldman confirmed the size of NAB's claim, but The Wall Street Journal reported it as worth $US230 million.