GOLDMAN, SACHS v. GOLDEN EMPIRE SCHOOLS

No. 12 Civ. 4558(RJS).

922 F.Supp.2d 435 (2013)

GOLDMAN, SACHS & CO., Plaintiff, v. GOLDEN EMPIRE SCHOOLS FINANCING AUTHORITY and Kern High School District, Defendants.

United States District Court, S.D. New York.

February 8, 2013.


Attorney(s) appearing for the Case

Andrew Hunter Reynard , David Harold Braff , and Matthew Alexander Schwartz, Esqs., of Sullivan & Cromwell, LLP, New York, NY, for Plaintiff.

James L. Kauffman and Peter J. Mougey, Esqs. , Levin, Papantonio, Thomas, Mitchell, Rafferty & Proctor, P.A., Pensacola, FL; James Richard Swanson , Jason W. Burge , and Joseph C Peiffer, Esqs. , Fishman Haygood Phelps Walmsley Willis & Swanson, LLP, New Orleans, LA; Kevin Joseph Madonna, Esq. , Kennedy & Madonna, LLP, Hurley, NY, for Defendants.


MEMORANDUM AND ORDER

RICHARD J. SULLIVAN, District Judge:

From 2004 to 2007, Defendants Golden Empire Schools Financing Authority and Kern High School District (collectively, "Golden Empire") issued approximately $125 million of complex securities to fund projects, employing Plaintiff Goldman, Sachs & Co. ("Goldman") as the sole underwriter and broker. In 2012, Golden Empire initiated an arbitration before the Financial Industry Regulatory Authority...

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