S&C Obtains Appellate Win for Goldman Sachs in M&A-Related Lawsuit
Goldman Sachs convinced the New York Appellate Division, First Judicial Department, to uphold the dismissal of claims pertaining to its role advising on the abandoned sale of a prominent business management firm for celebrities and high-net-worth individuals in an April 7 appellate decision that strengthens crucial protections for deal advisors accused of fraud. The decision emphasizes that rather than permitting dissatisfied parties to transform unfulfilled business expectations into fraud claims, courts will enforce contractual requirements and treat papers as stated.