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Toss Of Suit Over Goldman's Pre-Crisis Exec Pay Upheld

By Pete Brush (October 4, 2016, 4:46 PM EDT) -- A New York appeals court on Tuesday affirmed the dismissal of an investor lawsuit claiming that Goldman Sachs Group Inc. overpaid its board by $2 billion in the run-up to the financial crisis, finding shareholder Michael Korsinsky failed to allege that it would have been futile to petition the megabank's board before he sued....

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