Goldman at last gets a conflicts comeuppance
By Reynolds Holding - Reuters Breakingviews
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Faced with the unseemly facts that Goldman owned $4 billion worth of Kinder Morgan while advising El Paso and that one of its bankers also held a $340,000 stake, Delaware Judge Leo Strine meted out his own particular form of justice. He allowed a vote on the acquisition to go forward, despite attempts to stop it, but lambasted Goldman’s behavior as “furtive” and “troubling” and urged shareholders to pursue their lawsuit.
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