Two weeks after the Securities and Exchange Commission leveled fraud charges against banking concern Goldman Sachs, the financial giant is said to be mulling settlement talks with the regulator, according to Fox Business Network.

The report said that Goldman [GS] believes the case is without merit but is hesitant to become engaged in a protracted battle with the SEC.

The SEC accused the company of defrauding investors of $1 billion with a mortgage product known as Abacus 2007-AC1, claiming it was designed to fail thereby helping a high net worth Goldman client who had "shorted" the security.

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