Goldman Sachs Group Inc agreed to pay $20 million to resolve claims by investors...
FILE PHOTO: The Goldman Sachs company logo is seen in the company's space on the floor of the New York Stock Exchange, in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid
The preliminary settlement filed on Thursday night in federal court in Manhattan requires a judge’s approval, and is the third in litigation by investors against 16 financial services companies. Goldman did not admit wrongdoing, and its settlement requires that it have strong antitrust compliance procedures.
According to the investors, the defendants underwrote $3.97 trillion, or 77.2%, of Fannie Mae and Freddie Mac bonds in that seven-year period, with Barclays Plc, JPMorgan Chase & Co and UBS Group AG having the largest shares.
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