NEW YORK (
took the first step in perhaps settling a fraud lawsuit brought against the firm by the
Securities and Exchange Commission
when its lawyers met with the SEC this week, a report says.
The two sides remain far apart, the
Wall Street Journal
reports. The preliminary settlement talks, which were held Tuesday, between Goldman co-general counsel Gregory Palm and other lawyers and SEC officials didn't include any specific settlement terms, such as the amount of a fine or agreements Goldman could make with the SEC, people familiar with the situation told the newspaper.
Goldman has maintained that the
, filed April 16, is groundless.
Word of the settlement talks come ahead of the firm's shareholder meeting Friday.
blogging the event live
on its Web site beginning shortly before the meeting begins at 9:30 a.m. EDT.
Several important proposals at the Goldman meeting are set for a vote, many of which are about executive compensation.
Fox Business News
first reported that settlement talks between the SEC and Goldman were imminent.
-- Written by Joseph Woelfel in New York.
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