Goldman agrees to pay $500 million to settle 1MDB shareholder class action

A court filing disclosed on May 20, 2026 that Goldman Sachs agreed to pay $500 million to settle a shareholder class action over its role in the 1MDB scandal. The lead plaintiff is the Swedish pension fund AP7 (Sjunde AP-Fonden), and the case is in federal court in Manhattan. The settlement still needs a judge's approval, and the bank's earlier 1MDB penalties totaled $2.9 billion in 2020.

• $500 million settlement of a shareholder class action over 1MDB
• Lead plaintiff is Sjunde AP-Fonden; case is in federal court in Manhattan
• A judge must approve the settlement
• Goldman paid $2.9 billion in 1MDB penalties in 2020