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GOLDMAN SACHS GROUP v. AR TEACHER RETIREMENT SYS

No. 20-222.

141 S.Ct. 1951 (2021)

594 U.S. 113

GOLDMAN SACHS GROUP, INC., et al., Petitioners v. ARKANSAS TEACHER RETIREMENT SYSTEM, et al.

Supreme Court of United States.

Decided June 21, 2021.

Attorney(s) appearing for the Case

Kannon K. Shanmugam , Washington, DC, for the petitioners, by Mr. Sopan Joshi for the United States as amicus curiae, by special leave of the Court, supporting neither party.

Thomas C. Goldstein , San Diego, CA, for the respondents.

Richard H. Klapper , Robert J. Giuffra, Jr. , David M.J. Rein , Benjamin R. Walker , Julia A. Malkina , Jacob E. Cohen , Sullivan & Cromwell LLP, New York, NY, Kannon K. Shanmugam , Counsel of Record, Stacie M. Fahsel , E. Garrett West , Paul, Weiss, Rifkind, Wharton & Garrison LLP, Washington, DC, Audra J. Soloway , Kristina A. Bunting , Sarah J. Prostko , Caroline S. Williamson , Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, for Petitioners.

Thomas A. Dubbs , James W. Johnson , Michael H. Rogers , Irina Vasilchenko , Labaton Sucharow LLP, New York, NY, Thomas C. Goldstein , Kevin K. Russell , Erica Oleszczuk Evans , Goldstein & Russell, P.C., Bethesda, MD, Spencer A. Burkholz , Joseph D. Daley , Robbins Geller Rudman & Dowd LLP, San Diego, CA, for Respondents.

This case involves a securities-fraud class action filed by several pension funds against The Goldman Sachs Group, Inc., and three of its former executives (collectively, Goldman). Plaintiffs allege that Goldman maintained an artificially inflated stock price by making generic statements about...

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