SEC Deal May Be Setback For Goldman Plaintiffs

Law360, New York (July 15, 2010, 7:56 PM EDT) -- The U.S. Securities and Exchange Commission's record settlement with Goldman Sachs Group Inc. over a mortgage-based investment vehicle rigged to fail has pulled the rug from under plaintiffs pursuing private civil suits against the investment bank, experts say.

While the $550 million settlement over claims of misleading investors is the “largest-ever penalty paid by a Wall Street firm,” according to the SEC, securities law professors say a full-blown legal battle, complete with a trial and ample discovery, may have provided much more help to private litigants...
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