Goldman to Supreme Court: Make it easier for defendants to escape shareholder suits

[Disir]

Goldman Sachs informed the U.S. Supreme Court on Monday that the court’s 2014 ruling in Halliburton v. Erica P. John Fund has been, well, a flop.

But the bank told the justices they can change that! What the Supreme Court needs to do, Goldman’s lawyers at Paul, Weiss, Rifkin, Wharton & Garrison argued in the bank’s opening brief in Goldman Sachs v. Arkansas Teacher Retirement System, is remind lower courts just how much leeway defendants are supposed to have in opposing shareholder fraud class actions.

In the 2014 decision, as you surely remember, the Supreme Court left intact the structural premise of securities class actions, in which shareholders are entitled to a presumption of reliance on defendants’ alleged misrepresentations as long as they can show the company’s shares traded in an efficient market. (That premise, in turn, is based on the idea that in an efficient market, the share price reflects all public information.)

Goldman to Supreme Court: Make it easier for defendants to escape shareholder suits

Goldman Sachs informed the U.S. Supreme Court on Monday that the court’s 2014 ruling in Halliburton v. Erica P. John Fund (134 S.Ct. 2398) has been, well, a flop.

www.reuters.com

I hate Goldman Sachs.

 

[Damaged Eagle]

All the little guys should get out of the stock market, only buy from privately owned American companies, and whenever possible buy locally.

Let the ones who think they're big fish eat each other.

*****SMILE*****

 

[westwall]

Goldman Sachs informed the U.S. Supreme Court on Monday that the court’s 2014 ruling in Halliburton v. Erica P. John Fund has been, well, a flop.

But the bank told the justices they can change that! What the Supreme Court needs to do, Goldman’s lawyers at Paul, Weiss, Rifkin, Wharton & Garrison argued in the bank’s opening brief in Goldman Sachs v. Arkansas Teacher Retirement System, is remind lower courts just how much leeway defendants are supposed to have in opposing shareholder fraud class actions.

In the 2014 decision, as you surely remember, the Supreme Court left intact the structural premise of securities class actions, in which shareholders are entitled to a presumption of reliance on defendants’ alleged misrepresentations as long as they can show the company’s shares traded in an efficient market. (That premise, in turn, is based on the idea that in an efficient market, the share price reflects all public information.)

Goldman to Supreme Court: Make it easier for defendants to escape shareholder suits

Goldman Sachs informed the U.S. Supreme Court on Monday that the court’s 2014 ruling in Halliburton v. Erica P. John Fund (134 S.Ct. 2398) has been, well, a flop.

www.reuters.com

I hate Goldman Sachs.

They used to be the most evil company in the world. Now that is google,facebook,twitter, and the other CCP operatives, but goldman still ranks up there with the worst of them.

 

[KissMy]

The multi-nationals that Republicans lavish tax breaks & deregulate, have sold out the USA!

 

[westwall]

The multi-nationals that Republicans lavish tax breaks & deregulate, have sold out the USA!

There are more dem millionaire's, and billionaires then repubs. And, the billionaires ruling big tech are ALL CCP progressives who have bought the dem Party.

You need to catch up to reality.

 

[KissMy]

The multi-nationals that Republicans lavish tax breaks & deregulate, have sold out the USA!

There are more dem millionaire's, and billionaires then repubs. And, the billionaires ruling big tech are ALL CCP progressives who have bought the dem Party.

You need to catch up to reality.

But the Democrats didn't de-regulate or slash their taxes.