Goldman Faces Trial For Role in eToys IPO
- New York Court of Appeals Decision Creates Significant Risks that Underwriters May be Deemed Fiduciaries. Brown Jr., David E.; Garris, Dennis O.; Latham, John; McElreath, Mark F.; Miller, Kevin // Venulex Legal Summaries;2005 Q2, p1
The article discusses the decision of the New York Court of Appeals in the case of EBC I Inc. v. Goldman, Sachs & Co. in June 2005 on breach of fiduciary duty in connection with the initial public offering of eToys common stock. Because of this, underwriters are expected to make changes to their...
- Banks Dealt Legal Blow in Amsterdam. MacFadyen, Ken // Investment Dealers' Digest;5/14/2007, Vol. 73 Issue 19, p3
The article reports on the decision of the Amsterdam Court of Appeals on the case filed against ABN Amro Inc. and Goldman Sachs & Co. linked to the initial public offering (IPO) of World Online company, for which they served as lead underwriters in the Netherlands. The court ruled against the...
- Does Wall Street Have a Fiduciary Duty to Investors? Kranacher, Mary-Jo // CPA Journal;Jun2010, Vol. 80 Issue 6, p80
The author comments on the civil charges and criminal investigation facing investment banker Goldman Sachs and explores whether banks have a fiduciary responsibility to their clients and investors. She believes that although Goldman has no fiduciary duty under federal or state law, it has a...
- The SEC v. Goldman Sachs: Reputation, Trust, and Fiduciary Duties in Investment Banking. Davidoff, Steven M.; Morrison, Alan D.; Wilhelm, Jr., William J. // Journal of Corporation Law;Spring2012, Vol. 37 Issue 3, p529
The article focuses on the U.S. court case U.S. Securities and Exchange Commission v. Goldman Sachs, which dealt with fiduciary duties in investment banking. Topics include trust-based agreements, the management and regulation of investment banks in the U.S., and synthetic collateralized debt...
- EToys plans public offering. // Playthings;Mar99, Vol. 97 Issue 3, p8
Focuses on EToys Inc.'s initial public offering in February 1999. Plan to use sale proceeds for general corporate purposes; Earnings for funding growth.
- Bias verdict dismissed. Harrington, John // Crain's New York Business;11/15/93, Vol. 9 Issue 46, p46
Reports on federal Judge Kimba L. Wood's dismissal of a jury verdict against Goldman, Sachs & Co. for alleged sex discrimination. Lack of evidence from plaintiff Joanne Flynn, former Goldman vice president.
- Squashing Goldman Vampire Squid. Baker, Dean // Progressive Populist;5/15/2010, Vol. 16 Issue 9, p8
The article discusses the allegations against Goldman Sachs & Co. which highlights the pressing need to break the big banks as well as introduce strict financial regulation in the U.S.
- Goldman Sachs Points to Magnetar Trades in Its Defense. Wang, Marian // Pro Publica;4/18/2010, p2
A blog related to Goldman Sachs & Co. denying in its trial that its invesments were built to fail is discussed.
- Goldman loses civil suit. Harrington, John // Crain's New York Business;11/1/93, Vol. 9 Issue 44, p66
Reports on a federal jury decision finding the investment firm Goldman, Sachs & Co. guilty of sex discrimination for blocking the promotion of a former female employee. Unclear status of the civil suit; Consideration of a defense motion.