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Former Goldman Trader Sues to Get $20 Million in Bonuses
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. Deeb Salem encountered a “kangaroo court” and a “shocking and blatant miscarriage of justice” as Financial Industry Regulatory Authority arbitrators didn’t allow him to call some of Goldman Sachs’s top trading executives as witnesses, he said in a complaint today in New York State Supreme Court. Salem, 35, said in the complaint that members of the industry-funded ... (full story)
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