Goldman Sachs Group, Inc. v. Arkansas Teacher Retirement System, 594 U.S. ___ (2021), was a 2021 decision of the Supreme Court of the United States related to securities fraud class actions.

A group of investors sued Goldman Sachs after the financial crisis of 2007–2008 to recover up to $13 billion in losses.

In 2020, a panel of the United States Court of Appeals for the Second Circuit allowed the class action to proceed, by a 2–1 vote.

A unanimous court found that the presumption of classwide reliance established in Basic Inc. v. Levinson required the defendant's statements to be more than just generic guarantees.

A 6–3 court, with Justice Neil Gorsuch dissenting, joined by Justices Clarence Thomas and Samuel Alito, held that defendants have the burden of proof in rebutting the presumption of reliance.