Goldman Raises Conflicts to High Art
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March 9 (Bloomberg) -- Right after a Delaware state judgeissued his ruling last week in a shareholder lawsuit contestingKinder Morgan Inc.’s purchase of El Paso Corp., the publicfinger-wagging aimed at Goldman Sachs Group Inc. began.
Goldman, some pundits wrote, had emerged as the biggestloser of the bunch. The bank’s conflicts of interest in advisingEl Paso on the deal had been castigated by an esteemed jurist asbreathtakingly over the top. Once again, Goldman had sullied itsprecious reputation. And so on, critics said.