Goldman's Tourre Can't Stress Atty Presence In Fraud Trial

Law360, New York (June 19, 2013, 6:09 PM EDT) -- A New York federal judge on Tuesday set limits to how an ex-Goldman Sachs Group Inc. trader accused of defrauding clients will discuss involvement of lawyers in the creation of a complicated collateralized debt obligation, finding that a jury may misconstrue such references as a legal “blessing.”

U.S. District Judge Katherine B. Forrest said Fabrice Tourre's defense team can't provide evidence that attorneys approved disclosures related to the CDO transaction, granting a partial victory to the Securities Exchange Commission, which sought to prevent the ex-trader from...
To view the full article, register now.