Recorded Call OK In Goldman Trader Fraud Suit, Judge Says

Law360, New York (April 26, 2013, 6:25 PM ET) -- A New York federal judge said Friday that the U.S. Securities and Exchange Commission could use a late-discovered telephone recording in its fraud suit against former Goldman Sachs Group Inc. trader Fabrice Tourre, despite Tourre’s protest that he is being “sandbagged.”

U.S. District Judge Katherine Forrest ruled that a 2008 telephone call between employees of ACA Financial Guaranty Corp., which Tourre allegedly defrauded, can be used as evidence in the upcoming trial.

“You’re going to have this call in,” the judge told lawyers for both sides...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers