Despite Limits On Evidence, Tourre May Still Have A Case
July 9, 2013, 5:47 PM EDT
Law360, New York (July 9, 2013, 5:47 PM EDT) -- On July 15, 2013, Fabrice Tourre, a former Goldman Sachs trader in his early 30s, will stand trial on U.S. Securities and Exchange Commission charges that he violated securities laws by failing to disclose the role of hedge fund Paulson & Co. in helping to select mortgage-backed securities for a collateralized debt obligation (CDO) and then betting against the CDO.
No other Goldman employee has been charged for this alleged securities violation. Not surprisingly, Tourre is yelling foul and is seeking to defend the action, in...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.