Investor Alert: Kaplan Fox Announces Investigation Of Goldman Sachs Group, Inc.

NEW YORK, Nov. 14, 2018 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Goldman Sachs Group, Inc. ("Goldman Sachs" or the "Company") (NYSE: GS) concerning potential securities law violations.  Investors who purchased Goldman Sachs securities may be affected.

Since late 2015, the U.S. Department of Justice has been investigating Goldman Sach's role in an alleged multibillion-dollar fraud and money-laundering scheme involving a Malaysian government fund, 1Malaysia Development Berhad, or "1MDB".

On November 1, 2018, federal prosecutors unsealed indictments against Tim Leissner ("Leissner"), the former head of Goldman Sachs' Southeast Asia business, and his then-deputy, Roger Ng ("Ng"), related to their involvement in the alleged money laundering scheme.  Leissner pleaded guilty to conspiring to launder money and to violating anti-bribery laws, and Ng was arrested in Malaysia.  In Leissner's criminal information, he admitted acting "within the scope of his employment" at Goldman Sachs and "with the intent, at least in part, to benefit" the bank.

On November 8, 2018, Bloomberg reported that the firm's then-CEO, Lloyd Blankfein was the high-ranking Goldman Sachs executive referenced in U.S. court documents who attended a 2009 meeting, with Leissner, to establish ties with Malaysia and its new sovereign wealth fund that was referenced in the court documents.

On November 12, 2018, multiple news sources reported that Malaysia is seeking a full refund of all the fees it paid to Goldman Sachs for arranging billions of dollars of deals for the troubled 1MDB fund.

Following this news, shares of Goldman Sachs stock fell $16.60 per share, about 7.5%, to close at $206.05 per share on November 12, 2018.

If you are an investor in Goldman Sachs and would like to discuss our investigation, please contact us by emailing [email protected] or by calling 800-290-1952.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, the action, your rights, or your interests, please contact:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
E-mail: [email protected]

SOURCE Kaplan Fox & Kilsheimer LLP