September 30, 2014
Goldman Sachs Group Inc. need not pay the $2.3 million legal bill of a former computer programmer facing charges for stealing high-frequency-trading code, the Third Circuit said Monday, denying his bid to have the full appeals court reconsider his argument that Goldman's officer insurance covered all vice presidents like him.
September 17, 2014
A former Goldman Sachs vice president on Tuesday asked the Third Circuit to rehear its decision reversing an order requiring Goldman Sachs Group Inc. to pay $2.3 million for his legal bills over charges for theft of high-frequency-trading code, saying the appeals court overlooked decisions contradicting its reasoning.
September 05, 2014
Goldman Sachs Group Inc. may have won over the Third Circuit when the court axed an award of legal fees to a former vice president accused of stealing trading code, but the bank could have avoided the mess — and the prospect of further litigation — had it better defined what being a Goldman VP means, attorneys say.
September 03, 2014
The Third Circuit on Wednesday reversed an order requiring Goldman Sachs Group Inc. to pay $2.3 million for the legal bills of a former vice president facing charges for theft of high-frequency-trading code, saying the frequently bestowed VP title doesn't necessarily make Sergey Aleynikov an "officer" eligible for company-backed indemnification.
January 21, 2014
Goldman Sachs Group Inc. asked the Third Circuit on Tuesday to overturn an order forcing the company to advance legal fees to a former programmer being prosecuted for allegedly stealing its computer codes, arguing that he was not a director of the company.