Tourre Shouldn't Pin Blame On Goldman Lawyers, SEC Argues

Law360, New York (June 14, 2013, 8:08 PM EDT) -- Ex-Goldman Sachs Group Inc. trader Fabrice Tourre, accused of defrauding clients, should not be allowed to argue that lawyers vetted financial products he helped create, the U.S. Securities and Exchange Commission argued Friday.

Lawyers for the commission asked U.S. District Judge Katherine B. Forrest to stop Tourre’s defense team from bringing up the work lawyers did on a complicated collateralized debt obligation Tourre had put together.

The commission says Tourre defrauded clients by not telling them that the CDO, called Abacus, was partially created by a...
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