Goldman Sachs offering to pay for Marcus bank’s customers’ silence

Goldman Sachs really, really, really doesn’t want you to sue the company.

The Wall Street investment bank quietly offered this week to pay all the fees for customers who bring legal claims against its new consumer bank — including double the lawyer’s fees, in some cases — as long as they keep their complaints out of the public eye, The Post has learned.

Goldman, whose nascent consumer bank, Marcus, has more than 4 million customers and $46 billion in deposits, is offering to pay for all legal costs, regardless of who is in the right, as long as claims are brought in private arbitration, according to new terms that would go into effect on July 11.

Some customers who are found to be in the right by an arbitrator could see an even bigger payday — because of the bank’s willingness to pay double the attorney’s fees, plus any costs for witnesses or experts who testify during the arbitration, according to the terms.

Source: New York Post

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