Key Developments: Goldman Sachs Group Inc (GS)

GS on New York Consolidated

24 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Goldman Sachs's Goldman Sachs Asset Management to acquire Pacific Global Advisors Solutions Business from Pacific Life Insurance Company
Thursday, 23 Apr 2015 01:00pm EDT 

Goldman Sachs:Goldman Sachs Asset Management (GSAM) announced that it has entered into an agreement with Pacific Life Insurance Company to acquire Pacific Global Advisors (PGA) solutions business.Pacific Global Advisors is a New York City-based advisor providing customized investment and risk management solutions as well as implementation services for institutional clients.As part of this transaction, key members of the Pacific Global Advisors management team will join GSAM.The transaction is expected to close by mid-year 2015.  Full Article

Goldman Sachs increases quarterly dividend
Thursday, 16 Apr 2015 07:35am EDT 

Goldman Sachs:Increased the quarterly dividend to $0.65 per common share from $0.60 per common share. The dividend will be paid on June 29, to common shareholders of record on June 1.  Full Article

Goldman Sachs statement on proposed capital actions
Wednesday, 11 Mar 2015 04:51pm EDT 

Goldman Sachs:Says the Federal Reserve Board did not object to its revised 2015 capital plan, which includes the repurchase of outstanding common stock, an increase to its quarterly common stock dividend and the possible issuance and redemption of other capital securities.Says the firm intends to increase its quarterly common stock dividend by five cents a share to $0.65 per share, effective in the second quarter of 2015, subject to its Board of Directors' approval.  Full Article

U.S. judge recommends no Goldman Sachs Group Inc gender-bias class action - Reuters
Tuesday, 10 Mar 2015 06:29pm EDT 

Goldman Sachs Group Inc:A federal judge on March 10 recommended against certifying a class-action lawsuit in which current and former female employees at Goldman Sachs Group Inc accused the company of gender-based bias in pay and promotions - Reuters.While saying 'this is a close case,' U.S. Magistrate Judge James Francis said there were not enough common issues among the proposed class members to justify letting them sue as a group.The judge's recommendation now goes to U.S. District Judge Analisa Torres, who will decide whether to accept it.  Full Article

Judge throws out U.S. aluminum price-fixing claims against Wall Street banks including Goldman Sachs Group Inc - Reuters
Wednesday, 4 Mar 2015 01:03pm EST 

Goldman Sachs Group Inc:A U.S. judge has dismissed antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply - Reuters.U.S. District Judge Katherine Forrest in Manhattan rejected claims brought by aluminum purchasers against several defendants including Goldman Sachs, JPMorgan Chase, Glencore Plc, and Hong Kong Exchanges and Clearing Ltd, which owns the London Metal Exchange.The decisions are a setback for aluminum purchasers who raised price-fixing claims, in the litigation affecting the base metals market in two decades.These plaintiffs had accused Wall Street banks and commodity merchants of having colluded since May 2009 to hoard aluminum in warehouses.They said this led to higher storage costs, delays of up to 16 months to fill orders, and increases in prices of industrial products from soft drink cans to airplanes.U.S. and European regulators have also examined alleged metals price fixing.Forrest said the plaintiffs did not show that the Goldman and JPMorgan parent companies had any role in the alleged anticompetitive conduct.  Full Article

Brennan Investment Group LLC acquires industrial building in lake forest in a joint venture with Goldman Sachs Group Inc
Wednesday, 4 Mar 2015 06:30am EST 

Brennan Investment Group LLC:Acquires 13970 Laurel Drive in Lake Forest, Illinois in a joint venture with Goldman Sachs Group Inc.Says this property will be added to 23 building portfolio Brennan and Goldman Sachs acquired in late 2014 located within the greater Chicago Metropolitan area and purchased from Mirvac Industrial Trust.  Full Article

Banks including Goldman Sachs Group Inc face scrutiny over pricing of precious metals - WSJ
Tuesday, 24 Feb 2015 04:15am EST 

Goldman Sachs Group Inc:The U.S. Department of Justice (DoJ) and the Commodity Futures Trading Commission are investigating at least 10 banks for possible rigging of precious-metals markets - The Wall Street Journal.DoJ prosecutors are scrutinizing the price-setting process for gold, silver, platinum and palladium in London, while the CFTC has opened a civil investigation.The banks are HSBC Holdings Plc, Bank of Nova Scotia, Barclays Plc, Credit Suisse Group AG , Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase & Co, Societe Generale, Standard Bank Group Ltd and UBS Group AG.  Full Article

Goldman Sachs Group Inc, Citigroup, UBS in $235 million mortgage settlement - Reuters
Friday, 13 Feb 2015 06:49pm EST 

Goldman Sachs Group Inc:Citigroup Inc, Goldman Sachs Group Inc and UBS AG agreed to pay $235 mln in cash to settle U.S. litigation accusing them of concealing the risks of mortgage securities sold by the former Residential Capital LLC before the global financial crisis - Reuters.The preliminary settlement with investors who bought the securities was made public on Feb. 13 in filings with the U.S. District Court in Manhattan, and requires court approval.It is separate from a $100 mln accord that investors reached in 2013 with ResCap entities and individuals.Led by the New Jersey Carpenters Health Fund, the investors accused the banks of misleading them in registration statements and prospectuses about the quality of mortgage loans backing the securities they helped underwrite in 2006 and 2007.It was not immediately clear how much each bank will pay.Cohen Milstein Sellers & Toll, which represents the lead plaintiff, plans to seek legal fees of as much as $69.5 mil, or 20.75 pct of the total recovery, plus up to $5.5 mln for expenses, court papers show.  Full Article

Goldman Sachs Group declares dividend
Friday, 16 Jan 2015 07:35am EST 

Goldman Sachs Group Inc:Says on Jan. 15, the board of directors of The Goldman Sachs Group Inc declared a dividend of $0.60 per common share to be paid on March 30 to common shareholders of record on March 2.  Full Article

Brennan Investment Group and Goldman Sachs Group Inc acquire A 23 building industrial portfolio in The Chicago Metropolitan Area
Monday, 12 Jan 2015 06:00am EST 

Brennan Investment Group LLC:Says its acquisition of 23 building, 4.68 mln square foot industrial portfolio in joint venture with Goldman Sachs.Properties are located throughout greater Chicago Metropolitan area and were purchased from Mirvac Industrial Trust, an Australian public REIT.  Full Article

Deals of the day- Mergers and acquisitions

April 23 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

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