October 19, 2022
Morgan Stanley and Goldman Sachs must face investor claims that they illegally avoided billions of dollars in trading losses by acting on nonpublic information about Archegos Capital Management, a Manhattan federal judge has heard from shareholders who allegedly were harmed by Archegos' collapse last year.
August 15, 2022
Goldman Sachs and Morgan Stanley have rebuffed investor allegations of insider trading made by those who suffered huge losses after last year's collapse of Archegos Capital Management, urging a New York federal judge to dismiss multiple lawsuits pinning shareholder losses on the banks' activities before Archegos' public fall.
March 10, 2022
A New York federal judge has consolidated six virtually identical putative class actions that variously accuse Goldman Sachs and Morgan Stanley of insider trading right before last year's collapse of Archegos Capital Management.