November 29, 2022
On November 22, 2022, Cravath client Goldman Sachs Asset Management, L.P. (“GSAM”) reached a settlement with the U.S. Securities and Exchange Commission addressing historical policies and procedures related to three of GSAM Fundamental Equity group’s ESG investment portfolios. As part of the no‑admit, no‑deny settlement, GSAM agreed to pay $4 million as a civil money penalty.
The Cravath team was led by partners John D. Buretta and Evan Norris, of counsel Megan Y. Lew and associate Dean M. Nickles.
Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.