Goldman Sachs Group Inc., facing a fraud lawsuit from U.S. regulators, reported that net income almost doubled in the first quarter and said it didn’t mislead investors.
“This all seems to be at root about whether someone intentionally misled someone, and that’s not something we would approve of or sanction,” Goldman Sachs Co-General Counsel Greg Palm told analysts on a conference call today. He spoke after the firm said earnings jumped 91 percent to $3.46 billion, or $5.59 a share, surpassing analysts’ estimates.
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