October 14, 2010
The U.S. Securities and Exchange Commission has faced down Goldman Sachs & Co.’s Fabrice Tourre’s attempt to short-circuit the agency’s fraud suit, emphasizing that the transaction Tourre masterminded, which lost investors $1 billion, occurred in the U.S. and was therefore subject to federal securities laws.
September 30, 2010
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.
July 15, 2010
The U.S. Securities and Exchange Commission's $550 million settlement with Goldman Sachs Group Inc. could go a long way toward restoring the agency's tarnished reputation and demonstrating its newfound aggressiveness, attorneys say.
April 29, 2010
Goldman Sachs Group Inc. reportedly may opt to settle the massive fraud case the U.S. Securities and Exchange Commission brought against it earlier this month, despite previous statements calling the regulator’s allegations “unfounded.”