Legal Opinion

Richman v. Goldman Sachs Group, Inc.

District Court, S.D. New York

Decided March 25, 2011No. Nos. 10 Civ. 03461 (PAC), 10 Civ. 03493 (PAC), 10 Civ. 03595 (PAC), 10 Civ. 03616 (PAC), 10 Civ. 04786 (PAC), 10 Civ. 04812 (PAC)PublishedCited by 36 opinions

1Opinion of the Court

MEMORANDUM AND ORDER Re: Securities Litigation

PAUL A. CROTTY, District Judge:

Pending before this Court are six class actions1 by purchasers of Goldman Sachs & Co. common stock2 alleging that Goldman Sachs & Co., and various of its officers and directors, violated the Securities Exchange Act of 1934 by making false and misleading statements in connection with the sale of a collateralized debt obligation (“CDO”) securi*475ty, titled ABACUS 2007 AC-1, in early 2007. The transaction is said to have been designed to aid one client who wanted to short the CDO while Defendants would sell the CDO to…

2Cases cited5 opinions

  1. In Re Olsten Corp. Securities Litig.District Court, E.D. New York · 1998
  2. Foley v. Transocean Ltd.District Court, S.D. New York · 2011
  3. In re Party City Securities LitigationDistrict Court, D. New Jersey · 1999
  4. Iron Workers Local No. 25 Pension Fund v. Credit-Based Asset Servicing & Securitization, LLCDistrict Court, S.D. New York · 2009
  5. Sofran v. Labranche & Co.District Court, S.D. New York · 2004

3Cited by36 opinions

  1. Sallustro v. CannaVest Corp.District Court, S.D. New York · 2015
  2. In re Gentiva Securities LitigationDistrict Court, E.D. New York · 2012
  3. OFI Risk Arbitrages v. Cooper Tire & Rubber Co.District Court, D. Delaware · 2014
  4. Alexander Goldman v. Blue Owl Capital Inc., et al.District Court, S.D. New York · 2026
  5. Ben Potter, individually and on behalf of all others similarly situated v. monday.com Ltd. et al.District Court, S.D. New York · 2026

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