The U.S. Court of Appeals for the Second Circuit has affirmed a ruling by Southern District Judge Jed Rakoff (See Profile) upholding a $20.6 million arbitration award against Goldman Sachs for clearing trades for a fraud-riddled hedge fund.
The award was won by the unsecured creditors’ committee of the bankrupt Bayou Group of hedge funds in June 2010 following an arbitration before the Financial Industry Regulatory Authority.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
