Goldman Sachs and Vista Equity Partners are to pay about $ 30 m to settle a lawsuit filed by investors in investment company Tibco Software , that went private in a $ 4bn buyout two years ago . The sale had been triggered by a share - count error that lowered the price and deprived shareholders of $ 100 m . This case is among a number of recent lawsuits targeting merger bankers for their advice ; this has resulted in large firms becoming more selective about which assignments to take as they are now wary of conflicts or of finding themselves locked out of business or of offending customers .
Goldman Sachs and Vista Equity Partners are to pay about $30m to settle a lawsuit brought by investors in software company Tibco Software, that went private in a $4bn buyout two years ago. The sale had been marred by a share-count error that lowered the price and deprived shareholders of $100m. This case is among a number of recent lawsuits targeting merger bankers for their advice; this has resulted in large banks becoming more selective about which assignments to take as they are now wary of conflicts or of finding themselves locked out of business or of offending clients.