June 28, 2021
A New York federal judge declined Monday to dismiss Goldman Sachs from a proposed investor class action over the billion-dollar 1Malaysia Development Berhad fraud scandal, narrowing allegations against the banking giant while dismissing one former executive and declining to dismiss two others.
January 10, 2020
Goldman Sachs urged a New York federal judge Thursday to dismiss it from a proposed class action over the billion-dollar 1Malaysia Development Berhad fraud scandal, calling shareholders' assertion that it hid alleged wrongdoing from them "implausible."
September 19, 2019
Kessler Topaz Meltzer & Check LLP beat out four other contenders for lead counsel in Goldman Sachs investors' proposed class action over the billion-dollar 1Malaysia Development Berhad fraud scandal in New York federal court Thursday.
March 06, 2019
Two investors in Goldman Sachs, one represented by Kessler Topaz Meltzer & Check LLP and the other by Pomerantz LLP, filed competing motions in New York federal court Tuesday for appointment as lead plaintiff in a suit over the billion-dollar 1Malaysia Development Berhad fraud scandal, clashing over which incurred the most losses.
February 20, 2019
Shareholders told a New York federal court on Tuesday that each member of Goldman Sachs' board of directors should return all salaries and compensation they received during the years in which they allowed the bank to become embroiled in the billion-dollar 1Malaysia Development Berhad fraud scandal.