New York, 22 May 2026 – Goldman Sachs has agreed to pay US$500 million to settle a shareholder class action lawsuit linked to its role in the 1Malaysia Development Berhad scandal, marking another major financial resolution connected to one of the world’s largest corruption cases.

The settlement amount was disclosed in a filing at the federal court in Manhattan, after the parties had earlier reached an agreement without revealing the terms. The settlement remains subject to court approval.

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Bernard Lee
Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.

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Goldman Sachs to Pay US$500 Million to Settle Shareholder Lawsuit Over 1MDB Scandal

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Goldman Sachs to Pay US$500 Million to Settle Shareholder Lawsuit Over 1MDB Scandal

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