Goldman Sachs must face class action over conflicts of interest, risky mortgages
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NEW YORK (Reuters) - Goldman Sachs Group Inc must face a shareholder class action accusing the bank of hiding conflicts of interest, including behind-the-scenes dealings with a prominent hedge fund manager, when creating risky subprime securities before the 2008 financial crisis.In a 2-1 decision on Tuesday, the 2nd U.S. Circuit Court of Appeals said Goldman failed to overcome a presumption that shareholders relied on its alleged misstatements, including that client interests "always come..