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Goldman Sachs (GS) is banning swearing in employee emails. The message has been spread around the firm verbally rather than in writing, according to The Wall Street Journal. The paper writes: "In ...
Goldman was criticized for allegedly misleading its investors and profiting from the collapse of the mortgage market during the 2007–2008 financial crisis.This led to investigations from the United States Congress, the United States Department of Justice, and a lawsuit from the U.S. Securities and Exchange Commission [8] that resulted in Goldman paying a $550 million settlement in July 2010. [9]
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A group of investors sued Goldman Sachs after the financial crisis of 2007–2008 to recover up to $13 billion in losses. In 2020, a panel of the United States Court of Appeals for the Second Circuit allowed the class action to proceed, by a 2–1 vote. Judge Richard J. Sullivan dissented. [1]
In the case with Aleynikov, Goldman Sach's proprietary computer code was presented to the jury by the district court as a "single product". In the case with Agrawal, the district court argued that the securities traded by SocGen, rather than the HFT code itself, were the actual products engaged in interstate commerce.
A federal regulator on Wednesday ordered Apple and Goldman Sachs to pay a combined $89 million for deceiving consumers and mishandled transaction disputes of Apple Card customers. Apple failed to ...
SEC v. Goldman Sachs & Co, civ 3229 (S.D. of NY 2010) was a civil court case in front of the United States District Court for the Southern District of New York brought by the U.S. Securities and Exchange Commission against Goldman Sachs (GS&Co) and Fabrice Tourre an employee of GS&Co relating to the ABACUS 2007-AC1 CDO.