Law360, New York (April 30, 2012, 4:24 PM ET) -- The Second Circuit on Monday refused to certify a class of investors suing Goldman Sachs & Co. and others over $7 billion in mortgage-backed securities, affirming the lower court's holding that individual issues predominated over common issues among the would-be class members.
In a summary order, the Second Circuit said District Judge Harold Baer Jr. did not apply too rigid a legal standard when he refused to certify the group of institutional investors, who also targeted The Royal Bank of Scotland Group PLC, UBS Securities LLC...
2nd Circ. Won't Certify Investor Class In $7B MBS Suit
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