Tuesday, July 20, 2010

Tourre's Answer

Fabrice Tourre's Answer has been filed in SEC v. Goldman, Sachs & Co. and Fabrice Tourre. Among other things, Tourre contends that neither he nor Goldman "had a duty to disclose any allegedly omitted information" and that the ABACUS 2007-AC1 offering materials "expressly disclosed that no one was purchasing notes in the equity tranche of the transaction."

(slw)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2010/07/tourres-answer.html

Civil Enforcement, Current Affairs, SEC, Securities, Statutes | Permalink

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