We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Refco-Related Securities Suit V. Goldman Execs Nixed

Law360 (January 7, 2009, 12:00 AM EST) -- A shareholder derivative class action accusing corporate officers at Goldman Sachs Group Inc. of ignoring obvious red flags about Refco Inc.'s financial condition prior to Refco's August 2005 initial public offering has been dismissed because no plaintiff-intervenor could be found.

Judge Gerard E. Lynch of the U.S. District Court for the Southern District of New York's Tuesday order said that a sufficient amount of time has now elapsed since public notice was given of the pending dismissal.

The action, one of 14 related cases in New...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.