A federal judge on Wednesday rejected Goldman Sachs Group Inc’s bid to dismiss two of the four female plaintiffs in a proposed class-action lawsuit accusing the bank of discriminating against women in pay and promotions. Continue Reading Below U.S. District Judge Analisa Torres in Manhattan said former vice president Mary De Luis’ claims did not become moot when she resigned last …
The Libyan Investment Authority tried to resurrect its lawsuit against Goldman Sachs Group Inc. by adding new accusations of bribery, less than a month after a crushing courtroom defeat in London. But Judge Vivien Rose said at a hearing Friday that the appeal had no chance of success and ordered the sovereign wealth fund to pay Goldman at least 8.5 million pounds ($10.6 million) for legal …
Goldman Sachs on Friday won a lawsuit filed against it by the Libyan Investment Authority (LIA), a government-managed sovereign wealth fund. The Libyan fund had sued the American investment bank for $1.2bn (£984m) over losses that it had incurred from derivatives purchased in 2008. The LIA had alleged that Goldman Sachs had wooed the fund’s officials with prostitutes, fine-dining in London’s …
In August, financial services firms suffered some nasty operational risk losses as a result of problems such as market manipulation, misconduct and poor anti-money laundering (AML) compliance. But the largest loss stemmed from a class action lawsuit against insurance giant AIG. In the late 1990s, MedPartners, a physician practice management company that now operates as CVS Health, touted its …
The following statement is issued by Goldman Scarlato & Penny, P.C. : To: All persons who purchased securities of Deutsche Bank (“DB” or the “Company”) (NYSE:DB) between April 15, 2013 and April 29, 2016. The complaint alleges that Deutsche Bank issued materially false and misleading …
No one at Goldman Sachs will go to jail despite the company’s world-destroying, multi-billion-dollar frauds that culminated in its unloading billions’ worth of worthless mortgage-backed securities on its customers just before the crash. Goldman’s settlement requires it to admit that it knowingly committed these frauds for years on end. Again, no one will go to jail.