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Goldman Sachs Sued by Union Pension Fund

Monday, 08 March 2010 20:15 Last Updated on Monday, 08 March 2010 20:29
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Reuters: The International Brotherhood of Electric Workers fund filed a lawsuit seeking to recover money on behalf of other shareholders. It seeks to stop Goldman from allocating roughly 47% of '09 net revenue as compensation, saying such allocations "vastly overcompensate management and constitute corporate waste."


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