Tourre Subpoenas Fox News In CDO Case

Feb 4 2011 | 2:11am ET

Fabrice Tourre, the Goldman Sachs executive being sued over his role in a controversial collateralized debt obligation, is casting a wide net for evidence in his defense.

In December, he subpoenaed Fox News, court documents show. It is unclear what information Tourre is seeking from the conservative news network.

Tourre has been accused by the Securities and Exchange Commission of misleading investors in a collateralized debt obligation allegedly structured and marketed on behalf of hedge fund Paulson & Co. Goldman was also sued, but settled the charges for $550 million.

Depositions in the case began this week.

This week, Tourre's lawyers also sought permission to issue some seemingly more relevant subpoenas, including to ACA Financial Guaranty, the largest investor in the CDO in question.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR