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Goldman Sachs (NYSE: GS) Investor Securities Class Action Lawsuit 07/18/2003

  • If you purchased shares of Goldman Sachs (NYSE: GS), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Goldman Sachs
Security
NYSE: GS

Case Name
Goldman Sachs Shareholder Class Action Lawsuit 07/18/2003
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Southern District of New York

Class Period Begin
Class Period End
Settlement Notice
goldman_sachs_settlement_notice_7_2010.pdf
Settlement Proof
goldman_sachs_settlement_proof_7_2010.pdf
Filed Complaint
goldman_sachs_original_filing_edited_7_2003.pdf
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Settlement Overview

Date Settled
Date Settled
Settlement Amount
$29,000,000.00
Deadline to Participate in Settlement

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Summary

December 16, 2010 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.
August 18, 2010 - The court preliminarily approved the settlement.

July 12, 2010 - Parties filed a stipulation of settlement.

September 29, 2006 - The court denied in part the defendants motion to dismiss and granted in part the motion to dismiss for section 10(b), Rule 10b-5, and section 20(a) claims is granted without prejudice. The lead plaintiff was granted 30 days to file an amended complaint.

March 24, 2005 - The defendants filed a motion to dismiss.

February 25, 2005 - The lead plaintiff filed a second amended complaint.

February 23, 2005 - The court granted the defendants' motion to dismiss without prejudice and granted lead plaintiff leave to file an amended complaint.

August 30, 2004 - The defendants filed a motion to dismiss

June 30, 2004 - The lead plaintiff filed an amended complaint.

March 11, 2004 - The court ordered the transfer of this case to the U.S. District Court for the Southern District of New York.

February 23, 2004 - The lead plaintiff and lead counsel were appointed.

October 3, 2003 - A lead plaintiff motion was filed.

July 18, 2003 - An investor in shares of Goldman Sachs (NYSE: GS) filed a lawsuit in the U.S. District Court for the District of Nevada against Goldman Sachs over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between July 1, 1999 and May 7, 2002.

This action arises from investigations, announced in April 2002, by government entities into the independence of the firm’s research analysts. The plaintiff alleges that, between July 1, 1999 and May 7, 2002, Goldman Sachs Group’s stock price was artificially inflated as a result of untrue or materially misleading statements concerning the research activities of Goldman Sachs & Co. including statements about the objectivity and independence of the firm’s investment research. Plaintiff further contends that defendants made these statements knowing them to be false or misleading, or recklessly disregarding their false or misleading natures, and that investors suffered injury as a result of the alleged inflation.

goldman_sachs_original_filing_edited_7_2003.pdf
Date Settled