NY Fed Reserve dismisses Goldman examiner lawsuit

Goldman Sachs Blink

The New York Federal Reserve Bank filed a motion on Friday to dismiss a lawsuit brought by a former employee who claimed she was fired after refusing to alter a critical examination of Goldman Sachs.

Reuters reports that the ex-employee, Carmen Segarra, said after examining Goldman's legal and compliance divisions for seven months, she found the bank did not have policies to prevent conflicts of interest as required by regulation.

In a 30-page court document, lawyers for the New York Fed said some of Segarra's claims were 'implausible owing to numerous contradictions within her pleading'.

'Most glaringly, the allegation that Goldman Sachs did not have any conflict of interest policy is belied by plaintiff's own exhibits, which show that the 'nonexistent' policies were, in fact, available on Goldman Sachs's public website', the document said.

To access the complete Reuters article hit the link below:

NY Fed moves to dismiss suit brought by former Goldman examiner

U.S Senate poised to confirm Janet Yellen as Fed chair

image: © Clyde Robinson

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News