Judge Richard Wesley. (Photo by David Handschuh/NYLJ) Goldman Sachs Wins Reversal on Class Certification in Long-Running Shareholder Suit
The ruling comes after the district court certified the class on three separate occasions in the long-running procedural history of the suit, which was originally filed in 2010 and involves shareholders' claims that they lost more than $13 billion.
August 11, 2023 at 12:45 PM
4 minute read
A three-judge panel of the U.S. Court of Appeals for the Second Circuit on Thursday reversed a Manhattan federal judge's class certification in a shareholder suit against Goldman Sachs, citing guidance delivered by the U.S. Supreme Court at an earlier stage of the suit.
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