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Last week, Goldman Sachs & Co filed a petition for certiorari to the Supreme Court asking for review of the 2nd Circuit’s decision in NECA-IBEW Health & Welfare Fund v. Goldman, Sachs & Co. Just two months ago, the 2nd Circuit held that a union pension fund, NECA, had standing to represent a class of plaintiffs who purchased various mortgage-backed securities (MBS) certificates, including those who purchased wholly separate securities than NECA had.

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