Goldman Sachs to face Swedish pension fund in 1MDB class action


Sjunde AP-Fonden was named on Thursday as lead plantiff in the suit, which accuses the bank of misleading investors about its work with the Malaysian state fund.

MANHATTAN: A Swedish pension fund will control a class action against Goldman Sachs Group Inc. over the 1MDB scandal, a federal judge in New York ruled.

Sjunde AP-Fonden was named on Thursday as lead plantiff in the suit, which accuses the bank of misleading investors about its work with the Malaysian state fund.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Scomi Energy to be delisted on Feb 12
BAT Malaysia posts RM49mil profit in 4Q, declares 15 sen dividend
Pentamaster to privatise Hong Kong unit and issue special dividend
Ringgit closes lower against US dollar
Notion VTec to acquire RM29.62mil land in Klang for expansion
IHH Healthcare unit seeks up to RM5.7bil compensation from Japan’s Daiichi Sankyo over Fortis deal
Petra assures people's welfare will be considered in setting Peninsula electricity tariffs
Bina Puri negotiates loan restructuring with Exim Bank
Techstore's IPO oversubscribed by 96.66 times
PM: e-SelfAudit system addresses failure of CEOs of govt companies to manage operations

Others Also Read