A federal judge in Trenton on Wednesday found a Bernard Madoff Fund investor failed to make a case that bad advice from Goldman Sachs led him to lose $15 million.
Jerome Goodman, who invested through a subsidiary and didn’t establish a direct relationship with Goldman Sachs or that it had discretion over his investments, could not show the firm breached its fiduciary duty under New Jersey law, District Judge Freda Wolfson ruled in Goodman v. Goldman, Sachs & Co., 10-cv-1247.
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