Business Expert Witness To Testify In SEC v. Tourre

The charges brought by the SEC against Goldman’s Fabrice Tourre will be judged in court beginning this October, according to the New York Post.  BusinessInsider.com writes:

Here’s what we already knew about the case:

— The SEC charged both Goldman and Fabrice Tourre with fraud; alleging both parties misled investors

— Goldman has since settled with the SEC after getting them to drop the fraud charge

— Tourre didn’t settle with the SEC when Goldman did, so the SEC is still charging him with fraud

The New York Post has revealed that SEC lawyer Lorin Reisner believes regulators plan to depose about 25 people for the trial.  One of them will apparently be an expert witness who knows a lot about collateralized debt obligations (CDOs) and can testify about the parameters of usual business practices.
Read more: http://www.businessinsider.com/new-details-on-fabulous-fabs-trial-goldman-witnesses-2010-8#ixzz0wmwpdizC

About Karen Olson

Information Professional with twenty years experience in legal, public record, and business research. Fifteen years law firm experience.

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