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Goldman, Natixis Settle Credit Default Swaps Lawsuit

Goldman Sachs Group Inc. and Natixis SA settled a London lawsuit over terminated credit-default swaps that might have been worth as much as $530 million after a delay in the trial that was to begin today.

“Goldman Sachs and Natixis are pleased they’ve reached a commercial settlement,” Goldman’s lawyer, Anthony Grabiner, said in court. The terms are confidential and Grabiner said neither side would make any further public statements on the agreement.