Goldman's Tourre Moves To Toss SEC Claims

Law360, New York (September 30, 2010, 4:22 PM EDT) -- Fabrice Tourre, the Goldman Sachs Group Inc. bond trader who allegedly rigged an investment vehicle to fail, has moved to dismiss the allegations against him, saying they are precluded by the U.S. Supreme Court's landmark ruling in Morrison v. National Australia Bank.

The Morrison case makes clear that the anti-fraud provisions of the federal securities laws can be applied only when a transaction takes place in the United States, according to Tourre, who lodged a motion for judgment on the pleadings Wednesday in the U.S. District...
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