Legal Opinion
Securities & Exchange Commission v. Tourre
District Court, S.D. New York
Decided June 18, 2013No. 10 Civ. 3229(KBF)PublishedCited by 48 opinions
1Opinion of the Court
MEMORANDUM DECISION & ORDER
KATHERINE B. FORREST, District Judge:
In April 2010, the SEC sued Goldman Sachs & Co. (“Goldman”) and its employee, Fabrice Tourre, for alleged violations of the securities laws in connection with the offer and sale of securities and security-based swap agreements. The transaction at issue involved ABACUS 2007-AC1 (“AC1”), a synthetic collateralized debt obligation (“CDO”).
Like other CDOs, AC1 allowed investors to bet on the performance of a pool of assets that was sliced into different tranches of payment priorities. Because AC1 was synthetic, however, it did not…
2Cases cited14 opinions
- Daubert v. Merrell Dow Pharmaceuticals, Inc.Supreme Court of the United States · 1993
- Luce v. United StatesSupreme Court of the United States · 1984
- United States v. Paul A. BilzerianCourt of Appeals for the Second Circuit · 1991
- Major League Baseball Properties, Inc. v. Salvino, Inc.Court of Appeals for the Second Circuit · 2008
- United States v. WilliamsCourt of Appeals for the Second Circuit · 2007
9 more not listed; retrieve them via the Exa API.
3Cited by48 opinions
- Louis Vuitton Malletier S.A. v. Sunny Merchandise Corp.District Court, S.D. New York · 2015
- In re Libor-Based Fin. Instruments Antitrust Litig.District Court, S.D. Illinois · 2018
- Securities & Exchange Commission v. FerroneDistrict Court, N.D. Illinois · 2016
- U.S. Sec. & Exch. Comm'n v. ITT Educ. Servs., Inc.District Court, S.D. Indiana · 2018
- Securities & Exchange Commission v. Revelation Capital Management, Ltd.District Court, S.D. New York · 2016
43 more not listed; retrieve them via the Exa API.