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Goldman Can't Appeal Class Cert. In $2.4B Toxic Asset Suit

Posted: June 27, 2014
By: Jeff Sistrunk
Practice Areas: Securities Litigation

The Second Circuit on Friday refused to allow Goldman Sachs to immediately appeal a lower court's order certifying an investor class in a suit accusing it and related defendants of fraudulently unloading over $2.4 billion in toxic securitized mortgage-related debt.

In a brief order, a three-judge appellate panel denied Goldman's petition for leave to appeal U.S. District Judge Victor Marrero's January class certification ruling, finding that an immediate appeal is unwarranted.

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