Goldman Sachs and the $580M Black Hole (2012)
GS isn't blameless, but this article makes things sound a lot worse than they really were. Fortunately for us, the best finance writer in the world is also a former GS banker and a lawyer, and he wrote a much better article on this case 3 years ago:<p><a href="http://dealbreaker.com/2013/01/dragon-systems-shareholders-cant-see-the-bright-side-in-extremely-successful-ma-transaction-that-wiped-out-their-lifes-savings/" rel="nofollow">http://dealbreaker.com/2013/01/dragon-systems-shareholders-c...</a><p>The summary is that it's not really the merger adviser's responsibility to look into the stock of a public company acquirer, even though it feels like it ought to be.