Goldman Case Threatens 'Runaway' Class Cert., 2nd Circ. Told
By Sarah Jarvis (May 19, 2022, 6:19 PM EDT) -- The U.S. Chamber of Commerce and four other groups have weighed in on Goldman Sachs' bid to nix a district court's decision to certify a class of investors in their long-running securities litigation against the bank, arguing the decision threatens to "foster runaway securities class certification."
In an amicus brief filed Wednesday, the Chamber of Commerce — joined by the Securities Industry and Financial Markets Association, Bank Policy Institute, American Bankers Association, and American Property Casualty Insurance Association — urged the Second Circuit to decertify the class. The class of investors was certified for the third time by U.S. District Judge...
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!