Dec 11 (Reuters) – The U.S. Supreme Court docket on Friday agreed to listen to Goldman Sachs Group Inc’s attraction in a securities fraud case that would redefine the flexibility of shareholders to pursue class actions in opposition to public corporations whose stock costs fall.
Goldman is interesting an April determination from the 2nd U.S. Circuit Court docket of Appeals in Manhattan permitting a category motion accusing the bank of hiding conflicts of curiosity when creating dangerous subprime securities earlier than the 2008 monetary disaster.
A call is probably going earlier than the top of the courtroom’s present time period in June. (Reporting by Jonathan Stempel in New York; Enhancing by Leslie Adler)