Judge Gives Initial OK To $79.5M Settlement In Goldman Derivative Suit

Mealey's (September 21, 2022, 2:11 PM EDT) -- NEW YORK — A federal judge in New York on Sept. 16 granted preliminary approval of a $79.5 million settlement in a shareholder derivative lawsuit alleging that several current and former Goldman Sachs Group Inc. officers and directors breached their fiduciary duty and violated federal securities laws through their roles in a multibillion dollar bond financing scheme, ruling that the settlement is fair, reasonable and adequate and preliminarily meets the necessary factors for approval....