Goldman Sachs has been sued in New York state court on behalf of an Australian hedge fund that alleges Goldman misled it into investing more than $67 million in collateralized debt obligations it knew were faulty, including one that a Goldman higher-up famously called “a sack of shit” in an internal email.

Rajat K. Gupta pleaded not guilty Wednesday to passing inside information he learned as a board member at Goldman Sachs and Procter & Gamble to Raj Rajaratnam, the Galleon Group hedge fund founder and convicted insider trader.

The Delaware Court of Chancery has dismissed a case that claimed Goldman Sachs breached its fiduciary duty to shareholders through a compensation structure that encouraged employees to take undue risks.

A federal magistrate judge said Goldman Sachs’ motion to strike class allegations in a gender discrimination suit should be denied, rejecting the argument that allegations premised on a charge by one of the named plaintiffs must be stricken because the charge contained facts specific only to her.

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