Excluding Recorded Calls Would Harm Tourre Case, SEC Says

Law360, New York (April 8, 2013, 1:31 PM EDT) -- The U.S. Securities and Exchange Commission on Friday sought to preserve its ability to use recorded phone conversations against former Goldman Sachs Group Inc. trader Fabrice Tourre in its fraud suit over the Abacus investment vehicle, saying the evidence was necessary to preserve the "truth-seeking" integrity of its investigation.

The agency asked a New York federal court to dismiss a bid by Tourre to exclude an audiotape of a 2008 telephone call between Goldman and an employee of ACA Financial Guaranty Corp. discussing the disputed Abacus...
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