2nd Circuit Will Not Rehear Appeal In Goldman Sachs Stock-Drop Suit

Mealey's (June 17, 2020, 2:00 PM EDT) -- NEW YORK — Without providing further detail, the Second Circuit U.S. Court of Appeals on June 15 declined a request by Goldman Sachs Group Inc. and certain of its senior executives for en banc review of a split panel decision upholding a federal district court’s application of the inflation-maintenance theory for demonstrating price impact in granting class certification in a securities class action lawsuit (Arkansas Teacher Retirement System, et al. v. Goldman Sachs Group Inc., et al., No. 18-3667, 2nd Cir.)....