Second Circuit Provides Valuable Guidance On Application Of The Supreme Court’s Price-Impact “Mismatch” Framework
Published:
Sep 06, 2023
In Short The Situation: The United States Court of Appeals for the Second Circuit recently decertified a class of stockholders who alleged that Goldman Sachs maintained an inflated share price by making misrepresentations about its business principles and conflict-of-interest policies. The Development: The Second Circuit applied the United States Supreme Court's "mismatch"...
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