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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
Attorney Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
14 June 2023
Collecting participants…

Goldman Sachs Group Inc

The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through ...

    Ticker
    GS.US
    ISIN
    US38141G1040
    CIK
    886982
    Sector
    Financial Services
    Industry
    Capital Markets
    Country
    USA
    Address
    200 West Street, New York, NY, United States, 10282