SEC's Tourre Lawyer To Leave Agency

Sep 5 2013 | 11:05am ET

As has become standard operating procedure, another government lawyer is moving on to richer pastures in the wake of a major courtroom victory.

Matthew Martens, the Securities and Exchange Commission who led the civil case against former Goldman Sachs executive Fabrice Tourre, hopes to move into private practice later this year. Martens could join a law firm as soon as October, the New York Post reports.

Among the firms recruiting Martens is Paul Weiss Rifkind Wharton & Garrison and Cleary Gottlieb Steen & Hamilton. Martens has reportedly decided against joining Robert Khuzami, the former SEC enforcement chief who hired him, at Kirkland & Ellis.

A federal jury in August found Tourre liable for misleading investors in a Paulson & Co.-linked collateralized debt obligation.

Martens joins Khuzami and two other former SEC lawyers, Robert Kaplan and Thomas Sporkin, who left the agency last year. In addition, a number of federal prosecutors have moved on to private-practice in the wake of major court battles.

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