Goldman Investors Want High Court to Reject Class Status Appeal

Goldman Sachs Group Inc. investors who won approval to sue as a class urged the U.S. Supreme Court on Wednesday not to take up a petition that could strip them of their status.

The investment bank in April lost its bid to overturn class certification in the suit alleging it misled investors about conflicts of interest related to certain collateralized debt obligation transactions. Goldman successfully convinced the U.S. Court of Appeals for the Second Circuit to stay the mandate while it pursued high court review.

Goldman argued that its alleged misstatements were generic and had no impact on its stock ...