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Gupta Trial Provides Insight Into Goldman

Clapper Board - Christian Wagner

Bloomberg reports that at Raj Rajaratnam’s insider-trading trial a year ago, Goldman CEO Lloyd Blankfein told jurors he makes unscheduled calls to the bank’s board members at times of market 'uncertainty'.

FSA Bans and Fines Hedge Fund CEO £3m

FSA Logo

The Financial Services Authority (FSA) has published a decision notice indicating that it has decided to fine Alberto Micalizzi £3m and ban him from performing any role in regulated financial services for not being fit and proper.

Dewey & LeBoeuf Files for Bankruptcy


Bloomberg reports that Dewey & LeBoeuf LLP, the law firm that advised Los Angeles Dodgers LLC on its restructuring, filed its own bankruptcy after its chairman was ousted, almost all its partners quit and creditors began suing for unpaid bills.