Goldman Sachs Battles in Court to Seal Names in 1MDB Class Action Lawsuit, Citing Privacy Concerns for Unimplicated Employees and Entities
NEW YORK — In a significant legal development emerging from the infamous 1Malaysia Development Berhad (1MDB) scandal, Goldman Sachs finds itself embroiled in a securities fraud litigation initiated by investors in 2018. The case, presided over by Magistrate Judge Katharine Parker in the Southern District of New York, recently addressed the contentious issue of sealing certain documents related to a motion for class certification pursued by the plaintiffs. The plaintiffs argued that transparency is paramount, citing a legal precedent that underscores the principle of public access to judicial documents. However, Goldman Sachs contended that disclosing … Read more