Goldman Sachs has asked the full bench of the U.S. Court of Appeals for the Second Circuit to review a panel decision allowing class certification in a long-running securities fraud suit over statements the investment bank made regarding alleged conflicts on its board.

In a petition for en banc rehearing, Goldman and its Sullivan & Cromwell attorneys said Tuesday that the April 7 ruling, from a divided panel of the Manhattan-based appeals court, was at odds with Supreme Court precedent holding that defendants must be given a chance to rebut the so-called Basic presumption of classwide reliance on supposed public misrepresentations before a class is certified. 

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