Central Laborers' Pension Fund v. Blankfein
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
*42OPINION OF THE COURT
Friedman, J.
This putative shareholder derivative action — which plaintiffs commenced without making a pre-suit demand for a reduction in employee compensation on the board of nominal defendant the Goldman Sachs Group, Inc. (GSG), a Delaware corporation — was based on plaintiffs’ prediction that GSG would announce excessive employee compensation for 2009. The first of the three consolidated complaints was filed on December 14, 2009. Exactly six weeks later, on January 25, 2010, plaintiffs declared that, with GSG’s January 21 announcement that 2009 compensation would be at a…
2Cases cited7 opinions
- Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
- Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
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- Seinfeld v. RobinsonAppellate Division of the Supreme Court of the State of New York · 1998
- Kaufman Malchman & Kirby, P.C. v. Hasbro, Inc.District Court, S.D. New York · 1995
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