Goldman Sachs Seeks High Court Review Of Securities Class Certification Ruling

(September 18, 2020, 10:16 AM EDT) -- WASHINGTON, D.C. — In what they are calling "the most important securities case to come before the U.S. Supreme Court since its 2014 ruling in Halliburton Co. v. Eric P. John Fund Inc. (Halliburton II), Goldman Sachs Group Inc. and three of its senior executives asked the Supreme Court on Aug. 21 to review a divided Second Circuit U.S. Court of Appeals panel's ruling 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 (Goldman Sachs Group Inc., et al. v. Arkansas Teacher Retirement System, et al., No. 20-222, U.S. Sup.)....