Goldman Sachs Investors Win Class Cert. In Abacus Case

By Carmen Germaine ( September 25, 2015, 4:05 PM EDT) -- A New York federal judge has agreed to certify a class action accusing Goldman Sachs Group Inc. of lying about its ethical compliance ahead of the $1 billion in investor losses caused by its infamous Abacus collateralized debt obligation, ruling Goldman couldn't show a stock drop wasn't caused by the misstatements. . . .

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