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Goldman Sachs Brass Push Back On Excessive Pay Claims

Law360, Wilmington (July 31, 2017, 6:26 PM EDT) -- Directors at Goldman Sachs Group Inc. pushed the Delaware Chancery Court late Friday to throw out shareholder claims targeting their compensation with a pointed brief arguing the suing stockholder is a “serial litigant” making “carping” arguments that the court has already rejected in a long line of cases.

The outside Goldman Sachs directors, who are having their stock incentive plans challenged as excessive, argue that the suing shareholder’s “bare-bones” allegations do not show their compensation is unfair by simply stating it is higher than what is...
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