NEW YORK, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against The Goldman Sachs Group, Inc. (NYSE:GS). Our investigation concerns whether Goldman has violated the federal securities laws and/or engaged in other unlawful business practices.
Since at least 2016, the company has been the subject of investigations by the U.S. Justice Department regarding a multibillion-dollar fraud and money-laundering scheme involving a Malaysian government fund, 1Malaysia Development Berhad (1MDB), for which the company was the primary bond underwriter.
On November 2, 2018, U.S. federal prosecutors unsealed indictments against two of the company’s former managing directors, Tim Leissner and Roger Ng, related to the probe that explicitly described them as “agents acting within the scope of their employment on behalf of” the company “with the intent, at least in part, to benefit” the bank.
On November 8, 2018, a report by Bloomberg detailed the personal involvement of the company’s then-CEO Lloyd Blankfein in a meeting to establish ties with Malaysia and its new sovereign wealth fund that was referenced in the court documents unsealed the prior week.
On this news, the price of Goldman shares fell over 4%, closing at $222.65 on November 9, 2018.
If you purchased or otherwise acquired Goldman shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Goldman please go to http://www.bespc.com/gs/. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com