Lead Plaintiff, Firm Picked In Goldman Investor Action

Law360, New York (May 6, 2009, 12:00 AM EDT) -- A federal judge has appointed a Mississippi pension plan as lead plaintiff and named Bernstein Litowitz Berger & Grossmann LLP lead counsel in a putative class action alleging that Goldman Sachs Group Inc. and rating agencies misled investors into buying risky mortgage-backed securities.

Judge Harold Baer of the U.S. District Court for the Southern District of New York on Wednesday named Public Employees Retirement System of Mississippi lead plaintiff, roughly three months after the pension plan accused Goldman, rating agencies and underwriters of issuing false information...
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