July 18, 2013
Marketing materials for Goldman Sachs Group Inc.'s Abacus product made no mention of a hedge fund's involvement in structuring it, a senior Goldman director told jurors Thursday as the trial of trader Fabrice Tourre continued on allegations he helped the fund build Abacus to fail.
July 17, 2013
The New York federal judge overseeing the trial of former Goldman Sachs Group Inc. trader Fabrice Tourre urged lawyers Wednesday to simplify their presentations, saying jurors are being put off — and to sleep — by Wall Street speak.
July 16, 2013
Paulson & Co. had approached Goldman Sachs Group Inc. as part of a calculated strategy to bet against the U.S. housing market, a former executive at the hedge fund testified on the second day of the fraud trial against ex-Goldman trader Fabrice Tourre.
July 15, 2013
Fabrice Tourre deceived investors to satisfy "Wall Street greed," a U.S. Securities and Exchange Commission lawyer told a jury Monday, claiming that the former Goldman Sachs Group Inc. trader peddled a complicated financial product that was designed to fail.
July 11, 2013
Former Goldman Sachs Group Inc. executive Fabrice Tourre lost a bid Wednesday to keep an email in which he refers to trades he created as "monstruosities" out of his upcoming trial over government allegations that he defrauded investors through a collateralized debt obligation tied to mortgage-backed securities.
July 09, 2013
Former Goldman Sachs Group Inc. trader Fabrice Tourre on Tuesday lost a bid to pare government accusations that he participated in a fraudulent scheme to defraud investors from a case accusing him of selling faulty mortgage-backed securities, a week before his trial is set to begin.
June 27, 2013
The U.S. Securities and Exchange Commission and a key witness in the trial of an ex-Goldman Sachs Group Inc. trader accused of defrauding clients urged a judge Wednesday to quash the trader's subpoenas for SEC documents on the witness, arguing the court already has labeled those materials off-limits.
June 19, 2013
A New York federal judge on Tuesday set limits to how an ex-Goldman Sachs Group Inc. trader accused of defrauding clients will discuss involvement of lawyers in the creation of a complicated collateralized debt obligation, finding that a jury may misconstrue such references as a legal "blessing."
June 14, 2013
Ex-Goldman Sachs Group Inc. trader Fabrice Tourre, accused of defrauding clients, should not be allowed to argue that lawyers vetted financial products he helped create, the U.S. Securities and Exchange Commission argued Friday.
June 11, 2013
The U.S. Securities and Exchange Commission will not be able to blame big banks for causing the financial crisis in its upcoming trial against the notorious ex-Goldman Sachs Group Inc. trader Fabrice Tourre, a New York federal judge said Tuesday.