Legal Opinion

Goldman, Sachs & Co. v. City of Reno

Court of Appeals for the Ninth Circuit

Decided March 31, 2014No. 13-15445PublishedCited by 92 opinions

1Opinion of the Court

OPINION

BYBEE, Circuit Judge:

In 2005 and 2006, the City of Reno issued approximately $211 million in complex securities and employed Goldman, Sachs & Co. (“Goldman”) as its sole underwriter and broker-dealer. Years after Reno’s financing collapsed, Reno initiated an arbitration before the Financial Industry Regulatory Authority (“FINRA”) to resolve its claims against Goldman arising out of their contractual relationship. Goldman then filed this action to enjoin the FINRA arbitration, arguing that (1) Reno was not a “customer” entitled to arbitrate under FINRA Rule 12200 and (2), at any rate,…

2Cases cited25 opinions

  1. Winter v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 2008
  2. Moses H. Cone Memorial Hospital v. Mercury Construction Corp.Supreme Court of the United States · 1983
  3. First Options of Chicago, Inc. v. KaplanSupreme Court of the United States · 1995
  4. At&T Technologies, Inc. v. Communications WorkersSupreme Court of the United States · 1986
  5. Mitsubishi Motors Corp. v. Soler Chrysler-Plymouth, Inc.Supreme Court of the United States · 1985

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3Cited by92 opinions

  1. Goldman, Sachs & Co. v. Golden Empire Schools Financing AuthorityCourt of Appeals for the Second Circuit · 2014
  2. Reading Health System v. Bear Stearns Co IncCourt of Appeals for the Third Circuit · 2018
  3. Jeremy Revitch v. Directv, LLCCourt of Appeals for the Ninth Circuit · 2020
  4. Kevin Johnson v. Walmart Inc.Court of Appeals for the Ninth Circuit · 2023
  5. Houston Refining, L.P. v. United Steel, Paper & Forestry, Rubber, ManufacturingCourt of Appeals for the Fifth Circuit · 2014

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