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CASE ENTRY

Arkansas Teacher Retirement System v. Sorkin

Before and throughout the housing market crash, Goldman Sachs repeatedly assured investors that the firm had rigorous safeguards against conflicts of interest. Yikes! Goldman allegedly bet against its common stock investors’ interests. Goldman: Our assurances did not fraudulently inflate our stock price; at most, the statements maintained the already inflated value of our stock, which was not inflated by fraud. Second Circuit: The common stock investors’ class action can proceed.


Tags: 2020, Class Action, Fraud, Second Circuit

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