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U.S. Supreme Court throws out Texas lawsuit contesting 2020 election results in four battleground states
https://www.texastribune.org/2020/12/11/texas-lawsuit-supreme-court-election-results/
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U.S. Supreme Court takes up Goldman securities class action appeal
from the article:
The U.S. Supreme Court on Friday agreed to hear Goldman Sachs Group Inc’s appeal in a securities fraud case that could redefine the ability of shareholders to pursue class actions against public companies whose stock prices fall.
Goldman is appealing an April decision from the 2nd U.S. Circuit Court of Appeals in Manhattan allowing a class action accusing the bank of hiding conflicts of interest when creating risky subprime securities before the 2008 financial crisis.
Goldman described its appeal as “the most important securities case” before the Supreme Court in several years, and drew support for it from business and financial industry groups.
The bank also won support from the Society for Corporate Governance, which said a Goldman loss could prompt companies to clam up on social issues such as diversity and racial justice, “out of fear that even generalized or aspirational statements” could prompt securities fraud claims.
