December 12, 2022
Attorneys for a class of Goldman Sachs shareholders asked a Manhattan federal judge to approve a $19.8 million payout for their firms related to the 1MDB fraud scheme, saying the length and complexity of the litigation warrants a substantial return.
September 19, 2022
A New York federal judge has preliminarily approved a $79.5 million payout from a slate of current and former Goldman Sachs directors to end a putative shareholder class action claiming the billion-dollar 1MDB fraud scheme is a result of their repeated shirking of duties to the bank.
May 13, 2022
A slate of current and former Goldman Sachs directors have agreed to pay $79.5 million to end a putative shareholder class action claiming the billion-dollar 1MDB fraud scheme is a result of their repeated shirking of duties to the bank, the investors said in New York federal court Friday.
November 06, 2019
A Georgia pension fund said that the billion-dollar 1Malaysia Development Bhd. fraud scheme was "only made possible" by a slate of current and former Goldman Sachs directors that repeatedly ignored its duties to the bank.
September 13, 2019
Current and former directors of Goldman Sachs on Thursday said an amended shareholder derivative suit filed over the bank's involvement in the billion-dollar 1Malaysia Development Berhad fraud scandal is no better than its predecessor.
May 14, 2019
Goldman Sachs' board of directors has asked a New York federal judge to dismiss the shareholder derivative suit filed amid allegations of the bank's involvement in the billion-dollar 1Malaysia Development Berhad fraud scandal.
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.