Divided Panel Upholds Class Certification Ruling In Goldman Sachs Investor Suit

Mealey's (April 8, 2020, 2:54 PM EDT) -- NEW YORK — In a split decision, a Second Circuit U.S. Court of Appeals panel on April 7 ruled that a federal district court did not abuse its discretion in certifying a shareholder class in a securities lawsuit against Goldman Sachs Group Inc. and certain of its senior executives because the court correctly applied the inflation-maintenance theory for demonstrating price impact (Arkansas Teachers Retirement System, et al. v. Goldman Sachs Group Inc., et al., No. 18-3667, 2nd Cir., 2020 U.S. App. LEXIS 10817)....