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Goldman Sachs sued over expected bonuses

Posted Dec 15th 2009 5:40PM by Zac Bissonnette (RSS feed)
Filed under: Goldman Sachs Group (GS)

The Security Police and Fire Professionals of America Retirement Fund has filed a lawsuit with the New York Supreme Court, naming Goldman Sachs Group Inc. (GS), CEO Lloyd Blankfein, and the company's board of directors as defendants.

The company's crime? Planning to pay $22 billion in bonuses "for corporate performance that has absolutely nothing to do with the skill of the company's employees." Goldman spokesman Lucas van Praag told Reuters that the lawsuit is without merit.

Continue reading Goldman Sachs sued over expected bonuses

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