Goldman Sachs Investors Seek Class Status in 1MDB Scandal Suit

Nov. 15, 2021, 5:51 PM UTC

Investors who say Goldman Sachs Group Inc. misled them about its ties to the 1MDB global bribery scandal asked a federal judge in New York to allow them to move forward with their securities suit as a class.

The bank’s investors seek to certify a class made up of everyone who acquired Goldman’s common stock from Oct. 29, 2014, through Dec. 14, 2018, with exceptions for those with close ties to the company, according to a memo they filed in the U.S. District Court for the Southern District of New York.

Goldman, former CEO Lloyd Blankfein, and former chief operating ...

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