Some you win and some you lose, but in case of Goldman Sachs you win a lot.
Goldman Sachs lost a bid to dismiss a shareholder lawsuit alleging it made material misstatements in its own securities filings about its conflicts of interest in several complex securities transactions, including the now-infamous Abacus 2007 deal.
Goldman’s arguments are “Orwellian,” the judge wrote in the opinion. “Words such as ‘honesty,’ ‘integrity,’ and ‘fair dealing’ apparently do not mean what they say; they do not set standards; they are mere shibboleths.”
- Is UVA mess brought to you by Goldman Sachs and EDMC? (vivianpaige.com)
- Stock Market Trading Like Goldman Sachs has Inside Information (economicpolicyjournal.com)
- Goldman Sachs Goes from ‘Muppets’ to Tweets (dailyfinance.com)
- Ex-Goldman Sachs director convicted of fraud, conspiracy – Detroit Free Press (freep.com)