When Goldman Sachs put general counsel Gregory Palm on a conference call with investors last week to talk about a fraud suit, some corporate counsel quivered. Palm answered investors' questions and tried to reassure them about the Securities and Exchange Commission's suit filed against the company. "It's a risky proposition," Qwest Communications GC Rich Baer said of Goldman's strategy. Baer explained that opposing counsel could argue that Palm's statements constitute a waiver of attorney-client privilege.
April 26, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
When Goldman Sachs & Co. put general counsel Gregory Palm on a conference call with investors last week to talk about a fraud suit, some corporate counsel quivered.
Palm answered investors’ questions about the Securities and Exchange Commission‘s suit filed April 15 against the company. He tried to reassure callers that Goldman had done nothing wrong and would fight the SEC.
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