High Court Hears Oral Arguments In Securities Class Certification Ruling Appeal

Mealey's (March 29, 2021, 5:40 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on March 29 heard oral arguments in an appeal of a Second Circuit U.S. Court of Appeals ruling upholding a federal district court’s application of the inflation-maintenance theory for demonstrating price impact in granting class certification in a securities fraud lawsuit brought against Goldman Sachs Group Inc. and certain of its senior executives....