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Goldman Sachs to Settle Rate-Rigging Lawsuit

Posted on January 22, 2017 by Jay Fenello

Goldman Sachs to Settle Rate-Rigging Lawsuit

By Nate Raymond NEW YORK, Dec 16 (Reuters) – Goldman Sachs Group Inc has agreed to pay $56.5 million to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market.

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