Class Certified In Lawsuit Against Goldman Sachs

Law360, New York (September 16, 2008, 12:00 AM EDT) -- A federal judge has certified a class in a securities case alleging that Goldman Sachs Group Inc. misled the public by saying its research department put out an unbiased and independent product, when the company's research and investment banking arms were actually in frequent conflicts that tainted the research.

Judge Richard S. Sullivan of the U.S. District Court for the Southern District of New York handed down a 20-page memorandum and order on Monday, granting plaintiff Harvey Lapin's motion for certification of a class comprised of...
To view the full article, register now.