Goldman Sachs

New York Appellate Court Reinstates Fraudulent Inducement Claim Against Goldman and M&T Bank

by Orrick - Structured Finance Group on 5/15/2013

On May 7, New York’s First Department appellate court reinstated CIFG Assurance North America, Inc.’s fraud claim against Goldman Sachs & Co. and M&T Bank. Last May, a New York trial court dismissed CIFG’s claim for...more

Orrick's Financial Industry Week in Review - May 13, 2013

by Orrick, Herrington & Sutcliffe LLP on 5/13/2013

In This Issue: FHFA Limit on Fannie and Freddie Loan Purchases to Qualified Mortgage; Rating Agency Developments; MBIA and Bank of America Settle MBS Litigation for $1.7 Billion: Assured and UBS Agree to Settle RMBS...more

Court Denies Goldman Sachs’s Motion to Dismiss RMBS Action Brought by Prudential

by Orrick - Structured Finance Group on 4/18/2013

On April 9, Judge Susan Wigenton of the U.S. District Court for the District of New Jersey denied Goldman Sachs’s motion to dismiss Prudential’s complaint alleging fraud in connection with the sale of $375 million in RMBS. ...more

Updates from the Second Circuit and Supreme Court About Arbitration Provisions and Potential Impact on Employers

by Lisa E. Cleary, Nivritha Ketty, Adam Pinto, Catherine A. Williams | Patterson Belknap Webb & Tyler LLP on 4/3/2013

Last week, the Second Circuit weighed in again on the enforceability of an arbitration provision in Parisi v. Goldman, Sachs & Co., No. 11-5229-cv (2d Cir. Mar. 21, 2013). The provision at issue required employees to pursue...more

Class Action Alert: Recent Developments Favorable for Employers

by Bradford G. Harvey, Jennifer W. Terry | Miller & Martin PLLC on 4/2/2013

Individualized Proof of Damages Can Block Class Certification Under Rule 23(b)(3) - The United States Supreme Court in Comcast v. Behrend continued its trend of disfavoring class certification of cases involving...more

Bernstein Shur Business and Commercial Litigation Newsletter #26

by Paul McDonald, Daniel J. Murphy | Bernstein Shur on 3/29/2013

We are pleased to present the 26th edition of the Bernstein Shur Business and Commercial Litigation Newsletter. This month, we highlight a recent U.S. Supreme Court decision favoring the emerging gray market, arbitration of...more

Second Circuit Mandates Arbitration For Title VII Class Action

by Mark Batten | Proskauer - Class & Collective Actions on 3/28/2013

The editors wanted to share this analysis, by Proskauer’s Employment Litigation and Arbitration Group, of the Second Circuit’s interesting recent decision requiring a Title VII plaintiff, even in a class action, to arbitrate...more

Plaintiffs Must Arbitrate Individually, Even If It Means No “Pattern-Or-Practice” Claim

by Liz Kramer | Leonard, Street and Deinard - Arbitration... on 3/28/2013

All the cool kids are talking about class arbitration lately. . . There are the two cases pending before SCOTUS, and now the Second Circuit confirms its place in the “in crowd” with a decision forcing a class of employees...more

Second Circuit Holds No Substantive Right To Bring A Pattern-Or-Practice Title VII Claim

by Kelly Cullen, Sara Dionne, Jessica Perry | Orrick - Global Employment Law Group on 3/27/2013

Reversing a denial of a motion to compel arbitration in Parisi et al. v. Goldman, Sachs & Co. et al., the Second Circuit held that a plaintiff does not have a substantive right to bring a pattern and practice claim under...more

Second Circuit Orders Arbitration and Reverses District Court’s Decision in Parisi v. Goldman, Sachs & Co., Finding No Substantive...

by Keisha-Ann Gray, Steven Hurd, Kathleen McKenna | Proskauer Rose LLP on 3/27/2013

On March 21, 2013, the Second Circuit issued its highly-anticipated decision enforcing an arbitration clause and holding that a Title VII plaintiff does not have a substantive right to proceed on a class-wide basis in...more

Second Circuit Upholds Enforceability of Arbitration Agreements that Bar Title VII Class Actions, Finding that there is no...

by Sean Kirby | Sheppard Mullin Richter & Hampton LLP on 3/25/2013

On March 21, 2013, the Second Circuit issued its opinion in Parisi v. Goldman Sachs & Co., Case No. 11-5229, reversing a decision from the Southern District of New York, and holding that arbitration agreements which preclude...more

Inside The Lawyers Studio: Media Coverage On Cases Involving Insider Trading

by The Law Offices of Tacopina Seigel and... on 3/19/2013

The Securities and Exchange Commission (SEC) defines illegal insider trading as “…buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material,...more

To the Nation’s Largest Banks: Thanks for Reading

by Mintz Levin - Privacy & Security on 3/13/2013

It seems that some of the nation’s largest public company banks must be avid readers of this blog and have taken to heart our 2013 prediction that the SEC would require greater disclosure related to data security risks and...more

Internal Investigation Fees Awarded To Goldman Sachs

by Mona Amer, Mark Mermelstein | Orrick - Securities Litigation and Regulatory... on 3/5/2013

On Monday, February 25, Goldman Sachs won its bid to force former director Rajat K. Gupta to pay legal fees it incurred while investigating Gupta’s insider trading activities. In October 2012, Gupta was sentenced to two years...more

Weekly Brief: Rakoff Orders Gupta To Pay Goldman Sachs' Legal Fees [Video]

by Bloomberg Law on 2/28/2013

Feb. 28 (Bloomberg Law) -- Bloomberg Law's Lee Pacchia runs through the legal news for the week. Manhattan Federal Judge Jed Rakoff ordered former Goldman Sachs' director Rajat Gupta to reimburse the investment bank for fees...more

SEC And FBI Try To Ketchup To Heinz Insider Traders

by Jim Burns Jr., Jennifer Liu, Katie Lieberg Stowe | Orrick - Securities Litigation and Regulatory... on 2/26/2013

In the latest development in an SEC lawsuit filed Friday, February 15, U.S. District Judge Rakoff extended a freeze on a Swiss Goldman Sachs account linked to possible insider trading in H.J. Heinz Company call options. The...more

Obama Administration Reports on Efforts to Prevent Trade Secret Misappropriation

by Kevin E. Noonan | McDonnell Boehnen Hulbert & Berghoff LLP on 2/26/2013

The Obama Administration issued a Report earlier this month, entitled "Administration Strategy on Mitigating the Theft of U.S. Trade Secrets," that sets forth its efforts to prevent trade secret misappropriation. The Report...more

Goldman Sachs Forecasts Housing Recovery Is Solid: Home Sales to Rise Over Next Few Years

by Rosa Eckstein Schechter on 2/22/2013

Goldman Sachs is an international investment banking legend, having been around since 1869 and when Goldman Sachs issues its opinion on the economic future of an industry or economic segment, many respect and value what the...more

Credit Crunch Digest -- January 2013

by Jennifer Quinn Broda, Ryan Chapoteau, Matthew Ferguson, Todd McCormick, Thomas R. Orofino, Eric C. Scheiner | Sedgwick LLP on 2/5/2013

This issue of the Credit Crunch Digest focuses on a potential imminent regulatory settlement involving Royal Bank of Scotland’s role in alleged Libor manipulation; the profits obtained by Deutsche Bank for its investments in...more

Israeli Bank Sues UBS and Goldman Sachs Seeking a Combined $220 Million

by Orrick - Structured Finance Group on 2/5/2013

On January 29, Bank Hapoalim B.M., Israel’s largest bank, filed summonses with notice against UBS AG, Goldman Sachs & Co., and their affiliates, in the Supreme Court for the State of New York....more

Orrick's Financial Industry Week in Review - February 4, 2013

by Orrick, Herrington & Sutcliffe LLP on 2/5/2013

In This Issue: *Financial Industry Developments - SEC Extends Exemptions for Security-Based Swaps - Fed Announces Release Dates for Results of Supervisory Stress Tests and CCAR - Rating Agency Developments...more

Goldman Sachs Pays First-Of-Its-Kind Settlement to Close Pay to Play Action with the SEC by Grant Nichols

by King & Spalding on 2/4/2013

On September 27, 2012, Goldman Sachs agreed to pay $12 million to settle claims with the Securities and Exchange Commission (“SEC”) alleging that one of its employees engaged in a pay-to-play scheme. The scheme, as described...more

Washington Insight: Corporate Lobbyist's Toolkit - January 2013

by King & Spalding on 2/4/2013

In This Issue: - Making Decisions on Corporate Campaign Expenditures - What’s in Store in Congresson Campaign Finance Reform? - DC Circuit Reversed Van Hollen. Players Changed Tactics to Avoid Disclosure. ...more

Expansion Of The Economic Espionage Act Broadens Protection For Trade Secrets

by Gillian Watson Egan, KristinTaylor Parsons | Burr & Forman on 1/30/2013

In the summer of 2009, in an office at Goldman Sachs, in the waning hours of his last day of employment, a computer programmer named Sergey Aleynikov encrypted more than 500,000 lines of source code from Goldman’s proprietary...more

New Federal Law Increases Trade Secret Protection

by David Dubberly | Nexsen Pruet, PLLC on 1/23/2013

On December 28, 2012, President Obama signed into law the Theft of Trade Secrets Clarification Act, which amends and expands the Economic Espionage Act (EEA)....more

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New York Appellate Court Reinstates Fraudulent Inducement Claim Against Goldman and M&T Bank

Orrick's Financial Industry Week in Review - May 13, 2013

Court Denies Goldman Sachs’s Motion to Dismiss RMBS Action Brought by Prudential

Updates from the Second Circuit and Supreme Court About Arbitration Provisions and Potential Impact on Employers

Class Action Alert: Recent Developments Favorable for Employers

Bernstein Shur Business and Commercial Litigation Newsletter #26

Second Circuit Mandates Arbitration For Title VII Class Action

Plaintiffs Must Arbitrate Individually, Even If It Means No “Pattern-Or-Practice” Claim

Second Circuit Holds No Substantive Right To Bring A Pattern-Or-Practice Title VII Claim

Second Circuit Orders Arbitration and Reverses District Court’s Decision in Parisi v. Goldman, Sachs & Co., Finding No Substantive...

Second Circuit Upholds Enforceability of Arbitration Agreements that Bar Title VII Class Actions, Finding that there is no...

Inside The Lawyers Studio: Media Coverage On Cases Involving Insider Trading

To the Nation’s Largest Banks: Thanks for Reading

Internal Investigation Fees Awarded To Goldman Sachs

Weekly Brief: Rakoff Orders Gupta To Pay Goldman Sachs' Legal Fees [Video]

SEC And FBI Try To Ketchup To Heinz Insider Traders

Obama Administration Reports on Efforts to Prevent Trade Secret Misappropriation

Goldman Sachs Forecasts Housing Recovery Is Solid: Home Sales to Rise Over Next Few Years

Credit Crunch Digest -- January 2013

Israeli Bank Sues UBS and Goldman Sachs Seeking a Combined $220 Million

Orrick's Financial Industry Week in Review - February 4, 2013

Goldman Sachs Pays First-Of-Its-Kind Settlement to Close Pay to Play Action with the SEC by Grant Nichols

Washington Insight: Corporate Lobbyist's Toolkit - January 2013

Expansion Of The Economic Espionage Act Broadens Protection For Trade Secrets

New Federal Law Increases Trade Secret Protection

Weekly Brief: Rakoff Orders Gupta To Pay Goldman Sachs' Legal Fees [Video]

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