Compensation Litigation in the News – 13 June 2014

Fred WhittleseyCompensation Expert Witness Blog0 Comments

Former Goldman Trader Sues to Get $20 Million in Bonuses

Bloomberg News

A former Goldman Sachs Group Inc. (GS) trader who helped lead the firm’s bets against subprime mortgages before the financial crisis asked a court to throw out an arbitration ruling denying him more than $20 million in unpaid compensation.


Litigation Over Executive and Director Compensation Takes Another Turn for the Worst: Facebook

Winston & Strawn LLP – Executive Compensation Blog

Last week litigation over executive and director compensation continued its evolution down the path we have been describing for the last couple years, as the strike suit lawyers filed an “excessive compensation” lawsuit against the officers and directors of Facebook in Delaware Chancery Court,Espinoza v. Zuckerberg, et al.


Company Postpones Annual Meeting Due to Lawsuit over Stock Plan and Disclosures

Winston & Strawn LLP – Executive Compensation Blog

On June 2, 2014, Cheniere Energy, Inc. announced that it had postponed its 2014 Annual Meeting of Stockholders, which had been scheduled to be held on June 12, due to a lawsuit filed four days earlier against Cheniere’s officers and directors. The lawsuit (Jones v. Souki, et al., Delaware Court of Chancery) alleges deficiencies in the Cheniere Stock Plan and the proxy statement disclosures concerning the plan.

Leave a Reply