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Ex-Goldman Trader Loses in Bid for $5 Million More Bonus

Former Goldman Sachs Group Inc. trader Deeb Salem struck out in his pursuit of almost $5 million in bonus money on top of $8.25 million he received in 2010 as a Manhattan judge upheld an arbitration panel’s decision favoring the bank.

State Supreme Court Justice Eileen Bransten today rejected Salem’s request to set aside the Financial Industry Regulatory Authority panel’s decision to dismiss his claim and granted Goldman Sachs’s request to seal portions of the dispute with the former trader.