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Update: Goldman Sachs Settles 2014 Class Action Over Platinum, Palladium Trades
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Update: Goldman Sachs Settles 2014 Class Action Over Platinum, Palladium Trades
May 3, 2024 7:41 AM

10:27 AM EDT, 05/03/2024 (MT Newswires) -- (Updates to add details from Goldman's regulatory filing.)

Goldman Sachs ( GS ) said Friday it reached a settlement in principle to resolve a 2014 class action lawsuit tied to trading in platinum and palladium.

The lawsuit alleged Goldman and other defendants violated antitrust laws and the Commodity Exchange Act in a purported conspiracy to manipulate benchmark prices of the metals, according to a regulatory filing.

Goldman said in the filing the settlement is subject to final documentation and court approval, and the full amount of its proposed contribution to the settlement is in reserve.

Shares of Goldman rose 1% in recent trading Friday.

Price: 437.00, Change: +4.43, Percent Change: +1.02

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