Goldman Stays Clear Of Solectron Shareholder Tangle

Law360, Wilmington (October 7, 2011, 3:25 PM EDT) -- Goldman Sachs & Co. survived an appeal in California court on Thursday that sought to draw the investment bank back into a shareholder class action challenging electronics manufacturing services provider Flextronics International Ltd.’s 2007 acquisition of Solectron Corp.

As financial adviser to Solectron, Goldman and two of its vice presidents — Thomas A. Stokes and Colin Ryan — were targeted in the suit for allegedly aiding Solectron’s board in a faulty sale process that misled shareholders about the fairness of their take in the $3.6 billion...
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