This is BIG! Goldman asks SCOTUS to dismiss!Submitted by ronpaul1fan on Fri, 11/02/2012 - 16:24
WASHINGTON (Reuters) - Goldman Sachs Group Inc has urged the U.S. Supreme Court to throw out a mortgage securities class-action lawsuit that it said could cost Wall Street tens of billions of dollars.
The bank is challenging a September 6 decision by the 2nd U.S. Circuit Court of Appeals in New York allowing the lawsuit, which accuses it of misleading investors about the securities' risks.