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GS.US
id: 1055
The Goldman Sachs Group (GS) Federal Investigations Case
- On May 4, 2023, Goldman Sachs (GS) announced several federal investigations on matters related to Silicon Valley Bank. On June 15, 2023, the Wall Street Journal reported that Goldman Sachs was under investigation by the Federal Reserve, the SEC, and the U.S. DoJ.
- On it, on May 4, 2023, $GS fell 2.25%, losing $2.41B+ of shareholder value, then on June 14, 2023, $GS fell 1.19%, losing $1.33B+ of shareholder value.
- Investors may have grounds to suspect Goldman Sachs BoD and senior management of breach of their fiduciary duties to the Company, which led to their losses.
On May 4, 2023, Goldman Sachs announced that “various governmental bodies” were engaging in “investigations and inquiries” about Goldman Sachs’s role in the unsuccessful capital raise and securities portfolio sale of Silicon Valley Bank (“SVB”).
On June 15, 2023, the Wall Street Journal reported that Goldman Sachs was under investigation by the Federal Reserve, the Securities and Exchange Commission, and the U.S. Department of Justice.
On this news, on May 4, 2023, $GS fell 2.25% and lost over $2.41 billion of its market capitalization, seriously damaging shareholders, then on June 14, 2023, $GS fell 1.19% and lost over $1.33 billion of its market capitalization, further damaging shareholders.
Considering all the information, investors might have grounds to suspect Goldman Sachs of violating federal regulations, which led to their losses.
The case is already under investigation by at least one of the reputable law firms.
Case Status
Inactive Investigation
Alleged Offence
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
06/14/2023