IDN Financials: Goldman Sachs to pay $500M to settle a class-action suit over alleged investor misrepresentation tied to the 1MDB scandal

The lawsuit claimed the bank downplayed its role in helping 1MDB raise funds while earning significant fees from the transactions, contributing to investor losses when the scandal was exposed. The settlement resolves the shareholder claims but is separate from earlier multi-billion-dollar penalties paid by Goldman to regulators over the same case…