Stull, Stull & Brody Announces Investigation of Possible Securities Laws Violations
in Connection with the Sale of Auction Rate Securities

NEW YORK, April 18, 2008 - Attorney Advertising. The law firm of Stull, Stull & Brody has commenced an investigation relating to sales of Auction Rate Securities by a number of major broker-dealers, including Goldman Sachs (NYSE: GS).

Stull, Stull & Brody is investigating whether Goldman Sachs violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by deceiving investors about the investment characteristics of Auction Rate Securities and the auction market in which those securities traded. Auction Rate Securities are either municipal or corporate debt securities or preferred stocks which pay interest at rates set at periodic “auctions” and generally have long-term maturities or no maturity dates.

On May 31, 2006, an investigation conducted by the Securities and Exchange Commission (“SEC”) revealed that Auction Rate Securities were manipulated by certain broker-dealers conducting the auctions. Among other things, the SEC alleged that these broker-dealers improperly intervened in sales and collaborated with favored customers by asking them to bid at auctions and then compensating them with the higher-than-clearing rates in the secondary market. The broker-dealers engaged in such market manipulations in order to support the “no failed auction” marketing claim so that investors would believe the Auction Rate Securities auction market was healthier than it actually was. As a result, certain of the broker-dealers paid a total of $13 million in fines, were censured by the SEC and ordered to “cease and desist” from committing future violations.

If you purchased or otherwise acquired Auction Rate Securities from Goldman Sachs you may consult with a representative of Stull, Stull & Brody with no cost or obligation, by e-mail at SSBNY@aol.com, by calling toll-free 1-800-337-4983, or by fax to 1-212-490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.

Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 30 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in both New York and Los Angeles.

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

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