Goldman Sachs Group Inc. lawyers met this week with representatives of the Securities and Exchange Commission in a first step toward a potential settlement of the agency’s fraud lawsuit against the securities firm.
The two sides remain far apart. The preliminary settlement talks, held Tuesday, between Goldman co-general counsel Gregory Palm and other lawyers representing the New York company and SEC officials didn’t include any specific settlement terms, such as the amount of a fine or agreements Goldman could make with the agency, people familiar with the situation said.
Wait a minute! I thought these guys were the baddest of the bad. They eat what they kill! Why on earth would the settle? Fight on! Wolverines.
Any settlement missing an admission of guilt is not good enough for me.