Goldman Sachs Investors Get 1MDB Scandal Case Class Status (2)

The Goldman Sachs Group Inc. and former top executives must contend with a class of investors alleging that the banking giant misled them about its involvement in the 1Malaysia Development Berhad scandal.

Judge Vernon S. Broderick of the US District Court for the Southern District of New York certified a class of those who got its stock from Dec. 22, 2016, through Nov. 8, 2018, adopting a magistrate judge’s April 2024 recommendation. The bank’s arguments against certification—including ones relying on a Second Circuit ruling to dismantle another Goldman investor class—fell short, Broderick said Thursday.

Unlike in that case, Goldman ...