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Goldman Sachs to pay US$500 million in 1MDB settlement

Published Friday, May 22, 2026 · Updated May 22

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Media Analysis

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Goldman Sachs has agreed to pay US$500 million to settle a class action lawsuit. The lawsuit alleged that the bank defrauded shareholders concerning its involvement with Malaysia's 1MDB sovereign wealth fund, and the proposed settlement awaits a judge's approval.

What We Know — Key Points

  • Goldman Sachs has agreed to pay US$500 million to settle a class action lawsuit.
  • The lawsuit accused the bank of defrauding shareholders about its work for the Malaysian 1MDB sovereign wealth fund.
  • The settlement still requires a judge's approval.

What Is Claimed — Perspectives

  • Channel News AsiaCenter

    Channel News Asia reported that Goldman Sachs agreed to pay US$500 million to settle a class action lawsuit. The lawsuit accused the bank of defrauding shareholders regarding its involvement with the Malaysian 1MDB sovereign wealth fund, and the settlement, which addresses claims that Goldman lied about its role in the corruption scandal, still requires a judge's approval.

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