Leap Shareholder Sues Goldman Over Short-Swing Trades

Law360, New York (July 15, 2011, 3:47 PM EDT) -- A Leap Wireless International Inc. shareholder filed a lawsuit on the wireless carrier's behalf against Goldman Sachs Group Inc. in New York on Wednesday alleging the investment bank made a nearly $2 million profit on short-swing trades of Leap derivatives.

Shareholder Andrew E. Roth said he was filing the complaint on Leap's behalf because a $203,000 settlement the company entered into with defendants who traded on the company's stock in the last half of 2009 and early 2010 did not include the Goldman Sachs' alleged short-swing...
To view the full article, register now.