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Supreme Court to decide whether Goldman Sachs shareholders can bring suit in major fraud case



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Pavlo Gonchar | LightRocket | Getty ImagesThe Supreme Court is set to hear arguments from Goldman Sachs in a long-running case that could have major implications for shareholders seeking to bring securities-fraud lawsuits.Arguments are scheduled to begin at 10 a.m. ET Monday and will be streamed live as the court continues to meet remotely as a precaution against Covid-19.The case, which dates to the Great Recession, concerns statements that the investment bank made while it was marketing “Abacus,” an investment known as a synthetic collateralized debt obligation.Goldman advertised Abacus to its clients without disclosing that hedge fund manager John …

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