Goldman Sachs 1MDB Shareholder Securities Class Action Settlement
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Goldman Sachs · 1MDB bond offerings and Goldman Sachs securities · Settlement Reached
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About this case
Shareholders alleged that Goldman Sachs misled investors by downplaying its role in helping Malaysia raise funds for 1MDB and that the bank’s involvement in the scandal harmed its share price. Goldman Sachs agreed to pay $500 million to settle the class action, which was originally filed in 2018.
Case overview
- Defendant company
- Goldman Sachs
- Product or service
- 1MDB bond offerings and Goldman Sachs securities
- Case status
- Settlement Reached
- Lawsuit type
- Securities
- Reported harm
- Misrepresentation
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Sources
Public reporting associated with this case.