Goldman Sachs said set to reach lawsuit agreement

Goldman Sachs Blink

Goldman Sachs has reached a preliminary agreement to settle a lawsuit over currency-rate manipulation for $129.5m, a person familiar with the matter said.

Bloomberg News reports that the settlement could come within a couple of weeks, said the person, who asked not to be identified because the agreement hasn’t yet been completed.

Investors sued Goldman Sachs and other banks in Manhattan federal court, alleging traders had rigged prices in the $5tril-a-day foreign exchange market.

To access the complete Bloomberg News article hit the link below:

Goldman Said to Be Ready to Settle Currency-Manipulation Lawsuit

The Short-Seller Edge That Hedge Funds Get From Crucial Time Lag

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts