Commercial Litigation and Arbitration

September 22, 2008

Judge Richard J. Sullivan, in Lapin v. Goldman, Sachs & Co., 2008 U.S. Dist. LEXIS 69574 (S.D.N.Y. Sept. 15, 2008), followed the majority of decisions in the Southern District of New York, and rejected the rule of the Fifth Circuit, in holding that loss causation need not be established by the plaintiff in order to invoke the fraud on the market presumption o ...
Judge Richard J. Sullivan, in Lapin v. Goldman, Sachs & Co., 2008 U.S. Dist. LEXIS 69574 (S.D.N.Y. Sept. 15, 2008), followed the majority of decisions in the Southern District of New York, and rejected the rule of the Fifth Circuit,…

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