Goldman Sachs Group faces a pending lawsuit on behalf of purchasers of common stock of Goldman Sachs Group, Inc. (NYSE: GS) between October 15, 2009 and April 16, 2010. Meanwhile an investigation on behalf of current long term investors of Goldman Sachs Group, Inc. (NYSE: GS), including those who purchased GS shares prior to October 2009 and continue to hold those shares, was announced.

The Goldman Sachs Group, Inc., located in New York, is a bank holding and a global investment banking, securities and investment management company. An investor has filed a lawsuit in the United States District Court for the Southern District of New York alleging that Goldman Sachs Group, Inc and certain of its officers and executives violated the Securities Exchange Act of 1934 by failing to disclose between October 15, 2009 and April 16, 2010, material adverse facts about its true financial condition, business and prospects. Goldman Sachs Group, Inc. reported in 2007 Total Revenue of $87.968billion, on Nov. 28, 2008 for the past 12 months $53.579billion, and in 2009 $51.673billion.

After the market opened on April 16, 2010, it was revealed that Goldman Sachs Groups U.S. broker-dealer, Goldman, Sachs, and Company, had been sued by the SEC for making materially misleading statements and omissions in connection with ABACUS 2007-AC1. As news of Goldman Sachs Groups misconduct reached the market, Goldman Sachs Group stock (GS) declined $24.05 per share from $184.27 per share on April 15, 2010 to close at $160.70 per share on April 16, 2010, so the lawsuit, Shares of Goldman Sachs Group, Inc. traded recently at $153.27per share, down from its 52weekHigh of $193.60 per share, over $200 per share in 2008, and over $235 per share in 2007.