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Jury rules against ex-Goldman employee Tourre in SEC trial

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Reuters NEW YORK

NEW YORK (Reuters) - Former Goldman Sachs Group Inc vice president Fabrice Tourre was found liable for federal securities law violations on Thursday for his role in a complex mortgage deal that cost investors $1 billion when it failed.

Tourre was found liable on six of seven counts by a Manhattan federal jury in a civil case brought by the U.S. Securities and Exchange Commission, the regulator's highest-profile trial to spill out of its investigations into causes of the 2008 financial crisis.

(Reporting by Nate Raymond in New York; Editing by Steve Orlofsky)

 

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First Published: Aug 02 2013 | 1:15 AM IST

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