Goldman Sachs Announces Preliminary Court Approval of Shareholder Derivative Settlement Relating to 1MDB

Rhea-AI Summary

The Goldman Sachs Group, Inc. (NYSE: GS) announced the preliminary approval of a settlement agreement by the U.S. District Court for the Southern District of New York on September 16, 2022, regarding a shareholder derivative lawsuit. The firm is providing details of this settlement to its shareholders through a Notice of Settlement, which is accessible on their investor relations website. Goldman Sachs, established in 1869, is a prominent global financial institution offering a wide range of financial services to various clients worldwide.

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• Preliminary approval of a settlement agreement may reduce potential legal liabilities for Goldman Sachs.

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• None.

NEW YORK--(BUSINESS WIRE)-- The Goldman Sachs Group, Inc. (NYSE: GS) today announced that on September 16, 2022, the U.S. District Court for the Southern District of New York preliminarily approved a settlement agreement resolving a shareholder derivative lawsuit involving the firm. In accordance with the Court’s order preliminarily approving the settlement, Goldman Sachs is making disclosure of the settlement to its shareholders in the Notice of Settlement of Shareholder Derivative Litigation and Hearing (Notice) attached hereto. The Notice, along with a copy of the full settlement agreement, can also be found on the investor relations section of the firm’s website at the following web addresses: www.goldmansachs.com/investor-relations/docs/FultonCountyEmployeesRetirementSystem-NoticeofSettlement.pdf and www.goldmansachs.com/investor-relations/docs/FultonCountyEmployeesRetirementSystem-StipulationandAgreement.pdf.

The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220923005455/en/

Media Contact:

Andrea Williams

Tel: +1 212 902 5400



Investor Contact:

Carey Halio

Tel: +1 212 902 0300

Source: The Goldman Sachs Group, Inc.

FAQ

What settlement agreement was approved for Goldman Sachs on September 16, 2022?

On September 16, 2022, the U.S. District Court for the Southern District of New York preliminarily approved a settlement agreement related to a shareholder derivative lawsuit involving Goldman Sachs.

Where can I find details about the Goldman Sachs settlement?

Details about the Goldman Sachs settlement can be found in the Notice of Settlement available on their investor relations website.

What is the stock symbol for Goldman Sachs?

The stock symbol for Goldman Sachs is GS.