The Delaware Court of Chancery has dismissed a case that claimed Goldman Sachs breached its fiduciary duty to shareholders through a compensation structure that encouraged employees to take undue risks.
On Oct. 12, Vice Chancellor Sam Glasscock III dismissedIn re Goldman Sachs Group Inc. Shareholder Litigation , finding that "the plaintiffs have not provided particularized factual allegations that raise a reasonable doubt whether the process by which Goldman’s compensation scheme allocated profits between the employees and shareholders was implemented in good faith and on an informed basis."
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