United States Second Circuit

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Arkansas Teachers Retirement System v. Goldman Sachs Group, Inc., 16-250

Vacating a district court order granting class certification in the case of a group of Goldman Sachs clients alleging that the company made material misstatements regarding their conflicts of interest that caused the value of their shares to decline because the plaintiff invoked the rebut-able presumption of reliance on the statements, but recent precedent established that the rebuttal of this presumption must do so by the preponderance of the evidence.

Appellate Information

  • Argued
  • Submitted
  • Decided
  • Published 2018/01/12




  • United States Second Circuit


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