SEC versus Goldman Sachs (B): The Settle...
Li, Wei, Green, Ri...
SEC versus Goldman Sachs (B): The Settlement—Everybody Wins, Except Fabrice Tourre
GEM-0102 | Published October 27, 2010 | 4 pages Case
Collection: Darden School of Business
Product Details
On July 15, 2010, the U.S. Senate obtained the 60 votes needed to pass the Dodd-Frank Wall Street Reform and Consumer Protection Act. On the same day, the SEC reached a $550 million settlement with Goldman Sachs relating to its April 16 lawsuit by dropping its fraud charges. Supporters of both sides claimed the settlement was a victory. This short case is the epilogue to "The SEC vs. Goldman Sachs" (UVA-GEM-0101).
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