Embattled SEC Feeling Fabulous After Tourre Trial Win

Law360, New York (August 1, 2013, 10:03 PM EDT) -- Haunted by past trial failures, the U.S. Securities and Exchange Commission put everything it had into a case against ex-Goldman Sachs Group Inc. trader Fabrice Tourre and walked away with a victory that may quiet critics of its enforcement unit in the wake of the financial crisis.

A nine-member jury returned a verdict finding Fabrice Tourre liable on six of seven counts, capping perhaps the most closely watched trial to emerge from the 2008 financial collapse. The SEC claimed Tourre duped investors in a complex security...
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