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Goldman Sachs Suit May Proceed as Class Action, Judge Rules

A suit against Goldman Sachs Group Inc. may go forward as a class action on behalf of all investors in a $698 million mortgage-backed securities offering, a federal judge in Manhattan ruled.

U.S. District Judge Harold Baer Jr. granted a request by the Public Employees’ Retirement System of Mississippi to let it represent more than 150 investors in the offering, according to an opinion Baer gave to the parties yesterday. The opinion hasn’t been released publicly, and a clerk in Baer’s chambers declined to provide a copy today.