Goldman Sachs, the financial giant, is reported to be taking legal action in order to stop an unaffiliated bankruptcy expert from running “Goldman Sachs Capital LLC,” a company that was formerly known as Goldman Sachs Capital LLC.
The Wall Street Journal reported that Arian Arian Eghbali (40) registered Goldman Sachs Capital at the California Secretary Of State office in 2022. He listed himself as chief executive of the company in 2024.
Nick Carcaterra is a Goldman Sachs spokesperson who told the WSJ Eghbali had not worked at their financial firm, and that they are taking legal action against the misuse of the name.
Eghbali, through his company Olympus Guardians, represents creditors in trade cases. He is also involved in many high-profile lawsuits involving companies such as Forever 21, Hooters, and Virgin Orbit.
According to the WSJ, the Californian businessman considered launching a venture in which he believed he would be receiving funds from Goldman Sachs. He registered Goldman Sachs Capital.
Eghbali used his LLC to increase employee retention credits, refundable tax credit designed to encourage employers during pandemic to retain employees.
Carcaterra tells The WSJ, however, that Eghbali’s reasoning behind registering Goldman Sachs Capital is not logical.
A representative for the California Secretary of State’s Office tells the WSJ that it doesn’t regulate brand or intellectual-property issues and only cross-checks registrations against names that are already in its system, not national brands.
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The post Goldman Sachs Takes Action Against Bankruptcy Expert Who Set Up Separate Company In Bank Name: Report can be updated as new information becomes available.
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