Will The Goldman Sachs Group’s Woes Over Dragon Systems Perplex These Top Institutional Shareholders?

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Goldman Sachs Group Inc. (NYSE:GS) has not been held liable for negligence in a $580 million suit filed by the founders of speech recognition systems pioneer, Dragon Systems. The founders, Jim and Janet Baker, alleged that Goldman Sachs failed in their role as an adviser to Dragon by not properly vetting Belgian company Lernout & Hauspie Speech Products NV, which bought Dragon in an all stock deal in June 2000. A few months after the deal, the Belgian company was exposed as a fraud and the selling Dragon shareholders were left with worthless stock. The speech recognition technology they developed over decades was sold during the bankruptcy proceedings of the Belgian company to ScanSoft Inc. The jury accepted Goldman Sachs’ claim that the Bakers had mishandled the negotiation, breached their fiduciary duties to other co-founders and mis-advised Dragon’s board on the proposed deal.

Will The Goldman Sachs Group, Inc.’s shareholders increase their holdings? They reported owning a total of 9.1 million shares on 12/31/2012. The shares closed at $127.56 on 12/31/2012.

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Here are the eight largest positions in The Goldman Sachs Group, Inc. at the end of December 31st, 2012.

California Public Employees Retirement System held 1,373,166 shares on 12/31/2012 worth $175,161,052. This brought the portfolio total to 0.39%.

Mizuho Trust & Banking Co. Ltd. held 766,641 shares on 12/31/2012 worth $97,792,724. This brought the portfolio total to 0.38%.

Strs Ohio held 687,101 shares on 12/31/2012 worth $87,646,602. This brought the portfolio total to 0.39%.

Atalanta sosnoff capital llc held 505,856 shares on 12/31/2012 worth $64,526,990. This brought the portfolio total to 1.58%.

First American Bank held 500,000 shares on 12/31/2012 worth $582,000. This brought the portfolio total to 0.11%.

Gateway Investment Advisers LLC. held 488,213 shares on 12/31/2012 worth $62,276,449. This brought the portfolio total to 0.6%.

Commerzbank Aktiengesellschaft /FI held 401,200 shares on 12/31/2012 worth $51,177,070. This brought the portfolio total to 0.4%.

Chevy Chase Trust Holdings Inc. held 341,328 shares on 12/31/2012 worth $43,539,799. This brought the portfolio total to 0.41%.

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