Eighteen months after U.S. District Judge Jed Rakoff set off alarm bells on Wall Street by concluding that Goldman Sachs must pay more than $20 million for clearing trades for a fraud-riddled hedge fund, an appellate panel has tepidly endorsed the ruling.
Schulte Roth Loses Bid to Wipe Out $20.6 Million Goldman Arbitration Award
The Litigation Daily
July 3, 2012
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