GOLDMAN SACHS GROUP INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of The Goldman Sachs Group, Inc. - GS
NEW ORLEANS--(BUSINESS WIRE)--Nov 12, 2018--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into The Goldman Sachs Group, Inc. (NYSE: GS).
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.
KSF’s investigation is focusing on whether Goldman Sachs’ officers and/or directors breached their fiduciary duties to Goldman Sachs’ shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of Goldman Sachs shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ( firstname.lastname@example.org ), or visit https://www.ksfcounsel.com/cases/nyse-gs/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181112005820/en/
CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Kahn Swick & Foti, LLC
Copyright Business Wire 2018.
PUB: 11/12/2018 07:27 PM/DISC: 11/12/2018 07:27 PM