Goldman CEO Seeks To Toss Investors' Bailout Suit

Law360, New York (April 30, 2012, 9:38 PM EDT) -- Lawyers for Goldman Sachs Group Inc. CEO Lloyd Blankfein and members of the Goldman board asked a federal judge on Monday to dismiss a class action over the way the firm handled government bailout money, saying actions they took to repay the cash were sound business decisions.

Investors in a putative class action against the board claim Goldman's repayment of money lent to it under the Troubled Asset Relief Program turned out far better for the board than it did for Goldman's finances, since it ended...
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