We’re just a week removed from the Second Circuit’s big decision scuttling a class action against Goldman Sachs, but the early reviews have this ruling pegged as a blockbuster.

One securities defense lawyer told Bloomberg it was “a landmark decision” for folks on his side of these cases. Alison Frankel over at Reuters dubbed it a “boon for class action securities defendants.” The folks over at Willkie Farr & Gallagher, who authored amicus briefs backing Goldman’s position, began the headline of their client alert on the decision with “Finally!”

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