2nd Circ. Gives Goldman 2nd Shot At Class Cert. Appeal

Law360 (December 11, 2018, 9:30 PM EST) -- The Second Circuit on Tuesday granted Goldman Sachs' petition — for a second time — to appeal a New York federal judge's decision to grant class certification to investors claiming the Wall Street giant lied about its ethical compliance efforts just before losing $1 billion in securities known as collateralized debt obligations.

The three-judge panel's brief order grants Goldman Sachs Group Inc.'s petition for appeal, less than a year after the appellate court reversed an earlier decision by the same judge certifying the class of investors, led by three pension funds. That judge, U.S. District Judge Paul A. Crotty, sided with the investors...

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