July 15, 2010
When the SEC filed civil charges against Goldman Sachs last April, we postulated that the end game would be: …one of those vague and disappointing resolutions for which the SEC has become famous, as discussed here, whereby the defendant company’s shareholders pay a pile of money as a penalty for what management did (but for [...]
Read the full article →
April 19, 2010
How is it Goldman felt it necessary to warn shareholders that enforcement actions can have a negative impact upon the company’s business in the abstract, but apparently felt no need to reveal the material fact that it had been formally alerted by the SEC to an investigation? In the greatest financial meltdown since the 1930s, [...]
Read the full article →