Barclays hires top law firm for dark pools probe

Barclays Canary Wharf

Barclays has hired lawyers from the high-profile firm Wilmer Cutler Pickering Hale and Dorr LLP to help the bank defend itself against accusations that it deceived investors in its 'dark pool' trading venue, according to people familiar with the matter.

Reuters reports that Matthew Martens, formerly the chief litigator at the U.S. Securities and Exchange Commission, is among the WilmerHale lawyers working on the case, the sources said.

Martens is known for leading the SEC to victory in its civil fraud trial against Fabrice "Fabulous Fab" Tourre, the former Goldman Sachs vice president who was found liable by a New York jury for misleading investors in a subprime mortgage product that failed during the financial crisis.

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Barclays hires WilmerHale, ex-SEC litigator in dark pools probe

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