We Have A New Look

Welcome to our new look. Both Larry and I are working hard to improve the user experience visitors have on our site. Look for new changes in our sidebars and elsewhere. We also have a new YouTube page where we will be posting more videos. Thank you to everyone who participated in our polls. We will be keeping all the new polls on the Events page if you are wondering where they went. - RobertM
________________________________________________________________

August 13, 2009

The Case of the Goldman Sachs Trader Gone Wrong: Settlement Edition

Hey remember when the world was supposed to end over the Goldman boy gone bad who stole GS code to take over the world?

Pfft.

Via Securities Industry News:

A settlement is the most likely outcome of the Goldman Sachs code theft case, according to securities law experts.

That could be the ripple effect of a ruling by a U.S. District Court judge on Monday, who ruled that Goldman Sachs must provide former vice president Sergey Aleynikov with access to personnel records from his time at the company.

A deal is the most efficient and effective result for both the firm and its former employee, said Harvey Pitt, former chairman of the U.S. Securities and Exchange Commission, now chief executive officer of Washington, D.C.-based consulting firm Kalorama Partners LLC.
Read the rest of the article - click here
Bookmark and Share
Posted by Larry Rubinoff at 2:44 AM

1 comment:

  1. AnonymousAugust 14, 2009 at 7:14 PM

    Goldman probably forced the settlement so that Sergey Aleynikov wouldn't have to take the stand in a trial and reveal what the true intent and capabilities of that "program" were. I would bet a silence order is part of the settlement to ensure he stays mum about the program. Darn. I was really wishing he would go whistleblower or at lesat take the stand and tell the world the truth.

    ReplyDelete

Subscribe to: Post Comments (Atom)