Class Certified In Goldman Sachs Stock-Drop Suit After Lengthy Appeal Process

Mealey's (December 10, 2021, 12:03 PM EST) -- NEW YORK — After what he deemed a “prolonged interlocutory appeals saga that has prompted three decisions from the Second Circuit, one from the Supreme Court, and untold pages of cumulative briefing,” a federal judge in New York on Dec. 8 granted class certification in a securities class action against Goldman Sachs Group Inc. and certain of its former senior executives stemming from their alleged misrepresentation pertaining to four collateralized debt obligation transactions....