The Supreme Court docket will hear arguments at this time from Goldman Sachs and from pension funds over a declare that the Wall Road big misled traders about its work promoting complicated debt investments within the prelude to the 2008 monetary disaster. In its newest transient, Goldman makes an attention-grabbing argument: Buyers shouldn’t depend on statements similar to “honesty is on the coronary heart of our enterprise” or “our shoppers’ pursuits at all times come first” that seem in S.E.C. filings and annual reviews.
NY Occasions Deal Guide publication
https://www.nytimes.com/2021/03/29/enterprise/dealbook/credit-suisse-nomura-archegos.html#:~:textual content=Goldmanpercent20warnspercent20ofpercent20investorpercent20'guerrillapercent20warfare'&textual content=filingspercent20andpercent20annualpercent20reports.,overpercent20claimspercent20ofpercent20investmentpercent20fraud.&textual content=Goldmanpercent20haspercent20arguedpercent20inpercent20its,providingpercent20percentE2percent80percent9Cseriouspercent20legalpercent20arguments.%E2percent80percent9D
submitted by /u/Guy_PCS
[comments]
Source link