SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky Notifies Shareholders of The Goldman Sachs Group Inc. of Lawsuit Alleging Excessive Executive Compensation

NEW YORK, Dec. 17, 2012 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that it is lead counsel in the following actions against The Goldman Sachs Group, Inc. ("Goldman Sachs") (NYSE:GS): Bader v. Blankfein et al., No. 08 Civ. 255 (SLT) (JMA) (E.D.N.Y.); Bader v. Winkelried et al., Index No. 650157/2009 (N.Y. Cnty. Sup. Ct.) (the "Actions").

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The Federal Action alleged that Goldman Sachs' 2008 Proxy Statement violated the federal securities laws and Delaware law by undervaluing certain stock option awards and alleged that senior management received excessive compensation for 2007. The State Action alleged violations of Delaware statutory and common law based on substantively similar allegations regarding stock option awards from December 13, 2005 to December 17, 2008.

If you own common stock in Goldman Sachs and wish to obtain additional information, please contact Nicholas I. Porritt, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit

Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Eduard Korsinsky, Esq. Nicholas I. Porritt, Esq. Levi & Korsinsky, LLP 30 Broad Street, 24th Floor New York, New York 10004 (212) 363-7500 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP