Banks Dealt Legal Blow in Amsterdam
- 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...
- Goldman Faces Trial For Role in eToys IPO. // Investment Dealers' Digest;6/13/2005, Vol. 71 Issue 23, p4
Reports on the ruling of the New York State of Court requiring Goldman Sachs & Co. to face trial in the case of Internet toy retailer EToys Inc., which alleged that the investment bank mishandled its 1999 IPO. Impact of the lawsuit on the corporate image of the investment bank; Details of the...
- 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.
- Restore Investor Self-Protection. Fink, Matthew P. // American Banker;5/12/2010, Vol. 175 Issue 73, p8
In this article the author discusses the Goldman Sachs fraud charges and how provisions of banking and investment law fail to protect shareholders and investors from failed investments of such financial institutions as Goldman Sachs.
- 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.
- LEARNING TO STAND AGAIN: REVISITING RMBS CLASS CLAIMS IN LIGHT OF NECA-IBEW. WELLE, ADAM; ZABEL, RICHARD R. // Banking Law Journal;Nov/Dec2013, Vol. 130 Issue 10, p891
In this article, the authors review a recent U.S. Court of Appeals for the Second Circuit decision addressing class claims in the residential mortgage-backed securities market.
- 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...