-- Goldman Sachs (GS) has reached an agreement to settle a shareholder class action linked to 1Malaysia Development Berhad, or 1MDB, scandal, Bloomberg reported Wednesday, citing a letter from Goldman and lead plaintiff Sjunde AP-Fonden to US District Judge Vernon Broderick.
The lawsuit alleged that Goldman Sachs and its former executives misled shareholders about its involvement in the 1MDB scandal, according to the report.
The letter stated that the parties have agreed to settle the lawsuit "in its entirety," and will file an agreement by May 20, the media outlet reported, citing the letter.
Goldman Sachs did not immediately respond to a request for comment from.
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