2nd Circuit Court Orders Decertification In Long-Lived Goldman Sachs Stock-Drop Suit

(August 18, 2023, 11:17 AM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals has once again reversed an order certifying a class brought by investors who claim that they were misled into buying stock in Goldman Sachs Group Inc. between 2007 and 2010 before a dip in stock prices, ruling that a district court erred in certifying the class in failing to apply new standards set forth by the U.S. Supreme Court in an earlier appeal in the case on how to measure the generic nature of claims made by a company....