Seventh Circuit -- Premium Plus Partner v. Goldman Sachs

Premium Plus Partner v. Goldman Sachs

 Putative class composed of those who went short and got burned by a Goldman position taken due to embargoed information -

The SOL runs from when a reasonable person would have discerned the fraud, not when scienter of the fraudster is established.

Judge's order granting Rule 68 motion disqualifies plaintiff as representative of putative class, as the remedy has been found.

Remand for explanation as to why simple interest from date of filing was awarded as opposed to compound from date of violation.