Plaintiffs Attys Downplay High Court's Goldman MBS Snub

Law360, New York (March 19, 2013, 8:35 PM EDT) -- Contrary to Goldman Sachs Group Inc.'s fears, the U.S. Supreme Court’s decision to keep intact a broad view of class standing in mortgage-backed securities cases in New York doesn't open the floodgates to billions in damages against Wall Street banks, top plaintiffs attorneys told Law360.

In a brief order without comment, the high court on Monday rejected Goldman’s petition to review a Second Circuit ruling that revived NECA-IBEW Health & Welfare Fund's suit alleging the bank duped investors about the riskiness of MBS. In particular, the...
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