Goldman legal chief defends bank's actions after SEC fraud charge
The co-general counsel of Goldman Sachs has strongly defended his company, telling investors that the suit against the Wall Street giant took him by surprise, reports The Am Law Daily. Speaking in a conference call on Goldman's first quarter earnings report, Gregory Palm said his legal department spent the past 18 months talking and providing records to the Securities and Exchange Commission (SEC), but that the agency did not notify the company that it was filing suit last Friday (16 April).
The co-general counsel of Goldman Sachs has strongly defended his company, telling investors that the suit against the Wall Street giant took him by surprise, reports The Am Law Daily.
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