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Goldman Sachs Tower at 30 Hudson Street in Jersey City.. Goldman Sachs, an investment bank, has been the subject of controversies.The company has been criticized for lack of ethical standards, [1] [2] working with dictatorial regimes, [3] close relationships with the U.S. federal government via a "revolving door" of former employees, [4] and driving up prices of commodities through futures ...
SEC v. Goldman Sachs & Co, civ 3229 (S.D. of NY 2010) was a civil court case in front of the United States District Court for the Southern District of New York brought by the U.S. Securities and Exchange Commission against Goldman Sachs (GS&Co) and Fabrice Tourre an employee of GS&Co relating to the ABACUS 2007-AC1 CDO.
A group of investors sued Goldman Sachs after the financial crisis of 2007–2008 to recover up to $13 billion in losses. In 2020, a panel of the United States Court of Appeals for the Second Circuit allowed the class action to proceed, by a 2–1 vote. Judge Richard J. Sullivan dissented. [1]
Goldman Sachs's (GS) vigorous defense against the fraud charges filed by the Securities and Exchange Commission has begun. Goldman issued a detailed response to the charges, in which it flatly ...
For Goldman Sachs (GS), size and power led straight to arrogance, which ultimately tripped up the investment bank. As the most influential and imperious financial-services firm, Goldman apparently ...
Goldman Sachs (GS) was due to answer the Securities and Exchange Commission's fraud charges today. Instead, the investment bank just filed an agreement with the SEC giving Goldman until July 19 to ...
On September 4, 2003, a major investment bank, Goldman Sachs, admitted that it had violated anti-fraud laws. Specifically, the firm misused material, nonpublic information that the US Treasury would suspend issuance of the 30-year bond. The firm agreed to “pay over $9.3 million in penalties.”
Goldman Sachs Group Inc must again face a class action by shareholders who said they lost $13 billion because the Wall Street bank hid conflicts of interest when creating risky subprime securities ...