top of page
All Articles
Goldman Sachs Agrees to $500 Million Shareholder Settlement Over 1MDB-Related Securities Litigation Following Long-Running Compliance and Disclosure Disputes
A federal court filing in Manhattan has disclosed that Goldman Sachs has agreed to pay $500 million to resolve a major class action brought by institutional shareholders. The litigation arose from claims that the bank misled its own investors about its conduct connected to the 1MDB matter and the extent of its operational involvement with the Malaysian state investment development structure. The action was initiated by a group of institutional investors, including a signi
May 255 min read
bottom of page