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.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]