Goldman Shareholder's Appeal Moot: 2nd Circ.

Law360 (February 24, 2009, 12:00 AM EST) -- A federal appeals court has denied a preliminary injunction request in a shareholder derivative suit seeking to void the 2008 elections of the board of directors for Goldman Sachs Group Inc., affirming a lower court ruling.

The U.S. Court of Appeals for the Second Circuit on Monday ruled that the appeal by shareholder Jeffrey W. Bader was moot because the company had already issued its 2008 annual proxy statement and the election had already taken place.

Bader filed the injunction request in February 2008 to stop...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.