On Goldman Sachs’ Case: Appeal Verdict

In September 2016, Benny Tjokrosaputro—the founder and President Director of PT Hanson International Tbk (MYRX)—filed a tort lawsuit to the South Jakarta District Court against Goldman Sachs International on alleged illegal sales of Benny’s shares in MYRX. Over a year later, the Panel of Judges at the South Jakarta District Court decided in favor of Benny. On July 9, 2018, the Jakarta High Court read their verdict in response to Goldman Sachs appeal petition. Unfortunately for Goldman Sachs, the High Court decided to uphold the verdict given by the district Court.

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