Analysis

Goldman Ruling Unlikely To Move Needle On Class Actions

By Dean Seal (June 22, 2021, 8:07 PM EDT) -- The U.S. Supreme Court's decision on Monday to vacate certification for a class of Goldman Sachs investors is a temporary win for the bank, but may do little to prevent future securities claims from achieving class status, experts told Law360.

The majority opinion, penned by Justice Amy Coney Barrett, remanded the decade-old case to the Second Circuit for clarification on whether a split appellate panel properly considered the generic nature of Goldman's alleged misstatements about avoiding conflicts of interest when it ruled that the bank failed to prove those statements did not impact its stock price.

Both the bank and the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!