U.S. Supreme Court tosses class action ruling against Goldman Sachs

37
3
Favorite

U.S. Supreme Court tosses class action ruling against Goldman Sachs

StreetInsider2021-06-21

(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in its bid to avoid an investor class action lawsuit accusing the bank of hiding conflicts of interest when ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（3）

Gina888888
·2021-06-22
?
Reply
Like
Report
Popcornn
·2021-06-22
Hello
Reply
Like
Report
JL9000
·2021-06-21
They're part of a class that isn't jailable
Reply
1
Report
Fold Replies
- Popcornn:
  Help
  2021-06-22
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2145033366?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-21 22:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2145033366","market":"us","top_or_hot":-1,"title":"U.S. Supreme Court tosses class action ruling against Goldman Sachs","media":"StreetInsider","content":"<div>\n<p>(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in its bid to avoid an investor class action lawsuit accusing the bank of hiding conflicts of interest when ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18581765\">Source Link</a>\n\n</div>\n","source":"highlight_streetinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Supreme Court tosses class action ruling against Goldman Sachs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Supreme Court tosses class action ruling against Goldman Sachs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18581765><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in its bid to avoid an investor class action lawsuit accusing the bank of hiding conflicts of interest when ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18581765\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GS","symbol_name":"高盛","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=18581765","article_id":"2145033366","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2145033366","pubTimestamp":1624284720,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in its bid ","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GS":"高盛"},"translate_title":"美国最高法院撤销对高盛的集体诉讼裁决","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GS":0.9,"STS":0.9},"content_text":"(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in 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.\n\nThe justices threw out a decision by the Manhattan-based 2nd U.S. Circuit Court of Appeals last year that had allowed Goldman shareholders including the Arkansas Teacher Retirement System to sue as a group under a federal investor protection law. The plaintiffs accused the company of unlawfully hiding conflicts of interest when creating risky subprime securities.\nIn directing the 2nd Circuit to reconsider the matter, the justices said the lower court had failed to properly assess whether the bank's statements that the investors had called misleading were too generic to have affected its stock price. The ruling gives Goldman another chance to avoid the class action in which the plaintiffs said they lost more than $13 billion due to the bank's conduct.\n(Reporting by Andrew Chung in New York; Editing by Will Dunham)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":120483503,"gmtCreate":1624332272802,"gmtModify":1703833737921,"author":{"id":"3580372495242778","authorId":"3580372495242778","name":"Gina888888","avatar":"https://static.tigerbbs.com/317973f28cca8b5f1ad3497828c145e4","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120483503","repostId":2145033366,"repostType":4,"repost":{"id":"2145033366","pubTimestamp":1624284720,"share":"https://www.laohu8.com/m/news/2145033366?lang=&edition=full","pubTime":"2021-06-21 22:12","market":"us","language":"en","title":"U.S. Supreme Court tosses class action ruling against Goldman Sachs","url":"https://stock-news.laohu8.com/highlight/detail?id=2145033366","media":"StreetInsider","summary":"(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in its bid ","content":"<p><img src=\"https://static.tigerbbs.com/56e7527d23985b870aabc62f471f41d7\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\"></p>\n<p>(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in 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.</p>\n<p><img src=\"https://static.tigerbbs.com/8579a29f2202e254a2c079c359286f3a\" tg-width=\"719\" tg-height=\"497\"></p>\n<p>The justices threw out a decision by the <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a>-based 2nd U.S. Circuit Court of Appeals last year that had allowed Goldman shareholders including the Arkansas Teacher Retirement System to sue as a group under a federal investor protection law. The plaintiffs accused the company of unlawfully hiding conflicts of interest when creating risky subprime securities.</p>\n<p>In directing the 2nd Circuit to reconsider the matter, the justices said the lower court had failed to properly assess whether the bank's statements that the investors had called misleading were too generic to have affected its stock price. The ruling gives Goldman another chance to avoid the class action in which the plaintiffs said they lost more than $13 billion due to the bank's conduct.</p>\n<p>(Reporting by Andrew Chung in New York; Editing by Will Dunham)</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Supreme Court tosses class action ruling against Goldman Sachs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Supreme Court tosses class action ruling against Goldman Sachs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18581765><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in its bid to avoid an investor class action lawsuit accusing the bank of hiding conflicts of interest when ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18581765\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18581765","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145033366","content_text":"(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in 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.\n\nThe justices threw out a decision by the Manhattan-based 2nd U.S. Circuit Court of Appeals last year that had allowed Goldman shareholders including the Arkansas Teacher Retirement System to sue as a group under a federal investor protection law. The plaintiffs accused the company of unlawfully hiding conflicts of interest when creating risky subprime securities.\nIn directing the 2nd Circuit to reconsider the matter, the justices said the lower court had failed to properly assess whether the bank's statements that the investors had called misleading were too generic to have affected its stock price. The ruling gives Goldman another chance to avoid the class action in which the plaintiffs said they lost more than $13 billion due to the bank's conduct.\n(Reporting by Andrew Chung in New York; Editing by Will Dunham)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120634876,"gmtCreate":1624321156095,"gmtModify":1703833300886,"author":{"id":"3574394359789498","authorId":"3574394359789498","name":"Popcornn","avatar":"https://static.tigerbbs.com/a9963e628c84bc7aa6308556a38d7360","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120634876","repostId":2145033366,"repostType":4,"repost":{"id":"2145033366","pubTimestamp":1624284720,"share":"https://www.laohu8.com/m/news/2145033366?lang=&edition=full","pubTime":"2021-06-21 22:12","market":"us","language":"en","title":"U.S. Supreme Court tosses class action ruling against Goldman Sachs","url":"https://stock-news.laohu8.com/highlight/detail?id=2145033366","media":"StreetInsider","summary":"(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in its bid ","content":"<p><img src=\"https://static.tigerbbs.com/56e7527d23985b870aabc62f471f41d7\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\"></p>\n<p>(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in 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.</p>\n<p><img src=\"https://static.tigerbbs.com/8579a29f2202e254a2c079c359286f3a\" tg-width=\"719\" tg-height=\"497\"></p>\n<p>The justices threw out a decision by the <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a>-based 2nd U.S. Circuit Court of Appeals last year that had allowed Goldman shareholders including the Arkansas Teacher Retirement System to sue as a group under a federal investor protection law. The plaintiffs accused the company of unlawfully hiding conflicts of interest when creating risky subprime securities.</p>\n<p>In directing the 2nd Circuit to reconsider the matter, the justices said the lower court had failed to properly assess whether the bank's statements that the investors had called misleading were too generic to have affected its stock price. The ruling gives Goldman another chance to avoid the class action in which the plaintiffs said they lost more than $13 billion due to the bank's conduct.</p>\n<p>(Reporting by Andrew Chung in New York; Editing by Will Dunham)</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Supreme Court tosses class action ruling against Goldman Sachs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Supreme Court tosses class action ruling against Goldman Sachs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18581765><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in its bid to avoid an investor class action lawsuit accusing the bank of hiding conflicts of interest when ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18581765\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18581765","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145033366","content_text":"(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in 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.\n\nThe justices threw out a decision by the Manhattan-based 2nd U.S. Circuit Court of Appeals last year that had allowed Goldman shareholders including the Arkansas Teacher Retirement System to sue as a group under a federal investor protection law. The plaintiffs accused the company of unlawfully hiding conflicts of interest when creating risky subprime securities.\nIn directing the 2nd Circuit to reconsider the matter, the justices said the lower court had failed to properly assess whether the bank's statements that the investors had called misleading were too generic to have affected its stock price. The ruling gives Goldman another chance to avoid the class action in which the plaintiffs said they lost more than $13 billion due to the bank's conduct.\n(Reporting by Andrew Chung in New York; Editing by Will Dunham)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167757344,"gmtCreate":1624285970688,"gmtModify":1703832532445,"author":{"id":"3584486073664277","authorId":"3584486073664277","name":"JL9000","avatar":"https://static.tigerbbs.com/185ff843fc3784f1c1ee8d4306bd37b3","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"They're part of a class that isn't jailable","listText":"They're part of a class that isn't jailable","text":"They're part of a class that isn't jailable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167757344","repostId":2145033366,"repostType":4,"repost":{"id":"2145033366","pubTimestamp":1624284720,"share":"https://www.laohu8.com/m/news/2145033366?lang=&edition=full","pubTime":"2021-06-21 22:12","market":"us","language":"en","title":"U.S. Supreme Court tosses class action ruling against Goldman Sachs","url":"https://stock-news.laohu8.com/highlight/detail?id=2145033366","media":"StreetInsider","summary":"(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in its bid ","content":"<p><img src=\"https://static.tigerbbs.com/56e7527d23985b870aabc62f471f41d7\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\"></p>\n<p>(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in 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.</p>\n<p><img src=\"https://static.tigerbbs.com/8579a29f2202e254a2c079c359286f3a\" tg-width=\"719\" tg-height=\"497\"></p>\n<p>The justices threw out a decision by the <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a>-based 2nd U.S. Circuit Court of Appeals last year that had allowed Goldman shareholders including the Arkansas Teacher Retirement System to sue as a group under a federal investor protection law. The plaintiffs accused the company of unlawfully hiding conflicts of interest when creating risky subprime securities.</p>\n<p>In directing the 2nd Circuit to reconsider the matter, the justices said the lower court had failed to properly assess whether the bank's statements that the investors had called misleading were too generic to have affected its stock price. The ruling gives Goldman another chance to avoid the class action in which the plaintiffs said they lost more than $13 billion due to the bank's conduct.</p>\n<p>(Reporting by Andrew Chung in New York; Editing by Will Dunham)</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Supreme Court tosses class action ruling against Goldman Sachs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Supreme Court tosses class action ruling against Goldman Sachs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18581765><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in its bid to avoid an investor class action lawsuit accusing the bank of hiding conflicts of interest when ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18581765\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18581765","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145033366","content_text":"(Reuters) - The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in 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.\n\nThe justices threw out a decision by the Manhattan-based 2nd U.S. Circuit Court of Appeals last year that had allowed Goldman shareholders including the Arkansas Teacher Retirement System to sue as a group under a federal investor protection law. The plaintiffs accused the company of unlawfully hiding conflicts of interest when creating risky subprime securities.\nIn directing the 2nd Circuit to reconsider the matter, the justices said the lower court had failed to properly assess whether the bank's statements that the investors had called misleading were too generic to have affected its stock price. The ruling gives Goldman another chance to avoid the class action in which the plaintiffs said they lost more than $13 billion due to the bank's conduct.\n(Reporting by Andrew Chung in New York; Editing by Will Dunham)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4944278,"gmtCreate":1624321173042,"gmtModify":1663229663933,"authorId":3574394359789498,"author":{"id":3574394359789498,"authorId":3574394359789498,"name":"Popcornn","avatar":"https://static.tigerbbs.com/a9963e628c84bc7aa6308556a38d7360","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.20","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167757344,"type":1,"supId":0,"prevId":0,"content":"Help","text":"Help","html":"Help"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":37,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}