Archegos Ruling: Banks Win, Saga Continues
Update: 2025-09-16
Description
Goldman Sachs and Morgan Stanley dodge a bullet in the Archegos Capital collapse case! A federal court just tossed out claims of insider trading and market manipulation against the banks, shielding them from investor lawsuits seeking to recoup billions lost in the 2021 meltdown triggered by Bill Hwang's risky bets. While Hwang faces fraud convictions, this ruling highlights the complexities of Wall Street accountability and signals a major victory for the banks, though the legal drama may not be entirely over.
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