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Goldman Sachs To Pay US$500 Mln To Settle Shareholder Lawsuit Over 1MDB Scandal

KUALA LUMPUR, May 22 (Reuters) -- Goldman Sachs GS.N has agreed to pay US$500 million to settle a class action lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a Malaysian sovereign wealth fund that became embroiled in a corruption scandal.

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