High Court Review Of Standing Ruling In Securities Class Action Sought

High Court Review Of Standing Ruling In Securities Class Action Sought

WASHINGTON, D.C. - A Second Circuit U.S. Court of Appeals' ruling that a pension fund has standing to assert claims for relief on behalf of mortgage-backed securities purchasers even though the pension fund lacks standing to assert the claims on its own behalf directly conflicts with U.S. Supreme Court and First Circuit U.S. Court of Appeals precedent, Goldman Sachs & Co. and two of its subsidiaries argue in an Oct. 26 petition for writ of certiorari (Goldman, Sachs & Co., et al. v. NECA-IBEW Health & Welfare Fund, No. n/a, U.S. Sup.).  A complimentary copy of the writ of certiorari is available in the pdf attached below.

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