Goldman Sued By Pension Over Role In $38B Energy Deal

Law360, New York (October 21, 2011, 11:10 PM EDT) -- An employee pension fund reportedly claims in a suit filed Thursday in Delaware court that Goldman Sachs Group Inc. had a conflict of interest in its role as an adviser in the $38 billion proposed merger between El Paso Corp. and Kinder Morgan Inc.

The suit, lodged by the Louisiana Municipal Police Employees Retirement System, claims that Goldman, which owns nearly 20 percent of Kinder Morgan, advised El Paso to abandon plans to split the company in favor of an undervalued sale to Kinder Morgan, Bloomberg...
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