The Goldman Sachs company logo is seen in the company's space on the floor of the New York Stock Exchange, in New York, U.S., April 17, 2018. REUTERS/Brendan McDermidin its bid to avoid an investor class action lawsuit accusing the bank of hiding conflicts of interest when creating risky subprime securities before the 2008 financial crisis.
The Arkansas Teacher Retirement System and other pensions that purchased Goldman shares between February 2007 and June 2010 filed suit, accusing the company and three former executives of violating an anti-fraud provision of the Securities Exchange Act of 1934 and a related SEC regulation. The plaintiffs said that the bank's fraudulent statements kept its stock price artificially high.
Goldman argued that these "aspirational" statements were too vague and general to have had any impact on the stock price.
Of course they did.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Supreme Court Orders More Proceedings in Goldman Sachs Shareholder SuitThe Supreme Court ruled a lower court needs to consider again whether a lawsuit, which alleged that Goldman artificially inflated its share price before, during and after the 2008 financial crisis, can proceed I don’t trust them period. Market manipulation continues as 2008 Is u.s -espabilados- pero a veces la corte acierta (chivatos y veté a saber quién más con tanta tecnología ) hace time área estación de tren santa justa Seville cerca avenida de Kansas City una dijo algo hacin este a dicho más del Joker acento extranjero dicen me robaron ese
Source: WSJ - 🏆 98. / 63 Read more »
U.S. Supreme Court tosses class action ruling against Goldman SachsThe plaintiffs accused the company of unlawfully hiding conflicts of interest when creating risky subprime securities. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her kimberlyalr88 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success horrible
Source: CNBC - 🏆 12. / 72 Read more »
Supreme Court Signals Expansion of Religious Exemptions From LawsThree conservative justices argued that it was time to overrule a 1990 precedent holding that religious believers can’t invoke the First Amendment to exempt themselves from neutral laws that apply to the public at large I thought Pastafarians kind of put the kibosh on this sort of religion favoring foolishness. When given a Lemon Test you should make lemonade, not vinegar. Well we already live in a very liberal society where as a biological man can claim that he believes himself to be a woman, therefore it's ok for him to wear a dress and be referred to as a she, if this is acceptable surely religious conservative laws should be no objection?
Source: WSJ - 🏆 98. / 63 Read more »
Supreme Court dismisses challenge to Affordable Care Act, leaving it in placeThe Supreme Court dismissed a challenge to the Affordable Care Act on Thursday in a decision that will leave the law intact and save health care coverage for millions of Americans. CNN's JohnAvlon looks at the many hurdles the ACA has faced. JohnAvlon Love John Avlon. Always brings it home...
Source: CNN - 🏆 4. / 95 Read more »
Supreme Court rules against NCAA, opening door to significant increase in compensation for student athletesA unanimous Supreme Court said on Monday that student athletes could receive education-related payments, in a case that could reshape college sports by allowing more money from a billion-dollar industry to go to the players. Keep stacking privacy coins monero It's about time Finally, the NCAA will have to pony up for using and abusing student athletes
Source: CNN - 🏆 4. / 95 Read more »
Supreme Court Rejects NCAA’s Tight Limits on Athlete Benefits, CompensationThe high court ruled that strict limits on compensating college athletes violate U.S. antitrust law, a decision that could have broad ramifications for the future of college sports. Prosperity in USASo BORDER Crisis Turn Bad News into Good News My Emergency Economy Stimulus & Jobs Stimulus Systems Benefit's America's & Mexico's Future Wealth Deliberations Sign NonDisclosure Non Circumvent PaulRunningHorse VIGIL WEALTH BUILDER TEXT 1-303-921-8193 USA EA Sports - it's in the game. And boom goes the dynamite.
Source: WSJ - 🏆 98. / 63 Read more »