Goldman Considering Settling SEC Case: Report

Law360, New York (April 29, 2010, 6:38 PM EDT) -- Goldman Sachs Group Inc. reportedly may opt to settle the massive fraud case the U.S. Securities and Exchange Commission brought against it earlier this month, despite previous statements calling the regulator’s allegations “unfounded.”

Citing unnamed sources close to the bank, The New York Post reported Thursday that Goldman was mulling the possibility of a settlement.

"It's almost a certainty that there will be a settlement," the source reportedly said.

Submitting to a settlement would be a departure from the bank’s previous statements, in which it has...
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