BUSINESS
05/08/2010 05:12 am ET | Updated May 25, 2011

Goldman Sachs Sued By Union Fund For Overpaying Executives

The International Brotherhood of Electric Workers fund filed the lawsuit in Delaware Chancery Court, seeking to recover money for the company on behalf of other shareholders.

It seeks to stop Goldman from allocating roughly 47 percent of 2009 net revenue as compensation, saying such allocations "vastly overcompensate management and constitute corporate waste."

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