Source: Law.com – Newswire
Legal experts will argue over who got the best deal — Goldman Sachs or federal regulators — in the record fraud settlement announced Thursday. But one thing seems certain: The investing public didn’t. Goldman agreed to pay $550 million, which pales in comparison to the estimated $1 billion the SEC had alleged that investors had lost in the subprime deal. And although Goldman lost its bid for a global settlement of any civil and criminal investigations, it won its fight to avoid a guilty plea in the settlement.
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Who Really Won in Goldman Sachs’ Settlement With the SEC?
July 17, 2010 Leave a Comment
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