GS&Co-SEC Talk Settlement
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GS&Co-SEC Talk Settlement
By Susan Pulliam and Susanne Craig
Sides Remain Far Apart as Criminal Probe, Deal Structure Pose Hurdles; Shareholder Meeting Today
Goldman Sachs Group Inc. (NYSE: GS – News) lawyers met this week with representatives of the Securities and Exchange Commission in a first step toward a potential settlement of the agency’s fraud lawsuit against the securities firm.
The two sides remain far apart. The preliminary settlement talks, held Tuesday, between Goldman co-general counsel Gregory Palm and other lawyers representing the New York company and SEC officials didn’t include any specific settlement terms, such as the amount of a fine or agreements Goldman could make with the agency, people familiar with the situation said.
Continue reading Goldman Talks Settlement With SEC
