Top Wall Street law firm Sullivan & Cromwell is to take the lead
in representing Goldman Sachs against the formal investigation brought
by the Financial Services Authority.
The investment bank had
already retained Sullivan & Cromwell to defend it against fraud
allegations brought by the Securities and Exchange Commission and today
said the legal giant would at least for now be taking charge of the FSA
case.
Goldman has a long-term relationship with Sullivan &
Cromwell. Fabrice Tourre, the Goldman trader named as a defendant in the
SEC's civil suit, is being represented by Allen & Overy.
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