Goldman Sachs settles shareholder lawsuit over 1MDB scandal
Goldman Sachs logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration
NEW YORK, April 22 : Goldman Sachs has agreed to settle a lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a Malaysian fund that became embroiled in a corruption scandal.
In a letter filed on Wednesday in Manhattan federal court, Goldman and the lead plaintiff said they have agreed in principle to settle, and plan to submit a settlement for preliminary approval by May 20.
Source: Reuters
