SCOTUS Denies Goldmans Plea to Overturn Reinstatement of Plaintiffs MBS Class Action
March 29, 2013
The U.S. Supreme Court has denied a petition to review a federal appeals court decision to reinstate a securities class action lawsuit filed by MBS investors against Goldman Sachs. In denying the petition, the SCOTUS let stand a ruling by the U.S. Court of Appeals for the Second Circuit to overturn a lower courts decision to dismiss the plaintiffs suit for lack of standing and for failure to show injury.