EBC I v Goldman Sachs
Published on:
April 12, 2013
SIFMA submitted an Amicus “Friend of the Court” Brief
Court:
N.Y. Court of Appeals
Amicus Issues:
Whether the lead underwriter in an initial public offering owes a fiduciary duty to the issuer of securities to disclose conflicts of interest in connection with the pricing of the securities, absent a distinct relationship of higher trust that arises apart from the underwriting agreement.
Counsel of Record:
Cleary Gottlieb Steen & Hamilton LLP
Lewis J. Liman
Sheryl B. Shapiro
Michelle J. Parthum
Other Amici:
None.