Goldman Tells 9th Circ. ARS Fight Belongs in Nev. Court

Law360, San Francisco (September 9, 2013, 5:41 PM EDT) -- Goldman Sachs & Co. urged the Ninth Circuit on Monday to force its legal battle with the city of Reno, Nev., out of arbitration, arguing that the parties' contracts covering the issuance of auction-rate securities required Reno to pursue fraud claims in Nevada federal court.

In its emergency appeal, Goldman Sachs argued that it had negotiated a high-level agreement with Reno before helping the city issue the securities in 2005 and 2006, and those agreements required both sides to raise any legal issues in Nevada federal...
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