Second Circuit Sends Goldman Sachs Investors Back to the Drawing Board

Investors must refile for class certification in a suit accusing Goldman Sachs of putting favored clients’ interests ahead of others’, because the lower court may have imposed the wrong burden of proof on the bank, the Second Circuit ruled.

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Feds Slam Hedge Fund Exec With Criminal Indictment

Federal prosecutors Wednesday unsealed an indictment accusing  Michael Cohen, a former executive managing director of the publicly traded hedge fund Och-Ziff Capital Management of 10 criminal counts, including fraud, conspiracy and obstructing justice in a scheme involving a charitable client and a “luxury yacht.”

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