Goldman Sachs is asking the U.S. Supreme Court to overturn a lower-court decision involving RMBS the company said would cost financial firms tens of billions of dollars.

Goldman has asked the court to toss out a ruling in September by the U.S. Court of Appeals for the 2nd Circuit that permits the NECA-IBEW Health & Welfare Fund, a pension fund for electrical workers, to sue Goldman for allegedly misleading investors about RMBS the fund itself did not own.

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