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Goldman says it was named in interest-rate swap antitrust case

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Goldman Sachs Group Inc said it was named as a defendant in an antitrust case involving interest-rate swaps.

[NEW YORK] Goldman Sachs Group Inc said it was named as a defendant in an antitrust case involving interest-rate swaps.

The complaint alleges the firm was part of a conspiracy to preclude trading on the plaintiffs' swap-execution facility, New York-based Goldman Sachs said Friday in a quarterly regulatory filing.

The case was filed in the US District Court for the Southern District of New York on April 18, the firm said, without naming the plaintiffs or other defendants.

Goldman Sachs's "reasonably possible" legal costs in excess of reserves fell to US$1.9 billion in the first quarter from US$2 billion at the end of December, the company said in the filing.

BLOOMBERG