Goldman Insider Trading Claims Came Too Late: Judge

Law360, New York (December 18, 2009, 1:28 PM EST) -- A federal judge has dismissed claims of insider trading on 30-year Treasury bonds and their derivatives against Goldman Sachs & Co. Inc., saying the claims brought by members of a failed class action against the brokerage house came after the expiration of the limitations period for securities claims.

Judge Elaine E. Bucklo of the U.S. District Court for the Northern District of Illinois ruled Wednesday that the plaintiffs, led by George M. Tomlinson, an investor who held short positions on the Treasury bonds at the center...
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