Now GS is proving of being the scum on earth no one can get any lower on issues of morality or ethics than GS tope brass - The MAFIA has more dignity than GS types
bloomberg.com
“It’s all going to be a factual dispute about what he remembers and what the other folks remember on the other side,” Greg Palm, Goldman Sachs’s co-general counsel, said in a call with reporters yesterday, without naming Tourre. “If we had evidence that someone here was trying to mislead someone, that’s not something we’d condone at all and we’d be the first one to take action.”
By characterizing the case as a dispute involving a single employee, Goldman Sachs may be taking its first steps to publically distance itself from Tourre in the case, some lawyers said. That could reduce bad publicity and ultimately make it easier for the company to settle the case.
Goldman Sachs may also want to separate itself from Tourre if it’s concerned he will cooperate with the SEC or implicate more senior employees, said Onnig Dombalagian, a professor at Tulane University Law School in New Orleans and former attorney fellow at the SEC.
‘Vicarious Liability’
“If Tourre says, ‘Goldman’s board knew what we were doing,’ you can imagine Goldman will want to portray him as disgruntled,” or willing to lie to avoid punishment, the professor said. That may not help the firm itself, he added. “Under theories of vicarious liability, if you can find Tourre liable, it’s going to be hard for Goldman to escape.” |
