Goldman Receives Subpoena Over Financial Crisis
Recent Cases
Goldman Sachs has received a subpoena from the office of the Manhattan District Attorney, which is investigating the investment bank's role in the financial crisis.
The inquiry stems from a 650-page Senate report from the Permanent Subcommittee on Investigations that found Goldman had "misled" its clients about mortgage-linked securities. Senator Carl Levin, the Democrat of Michigan, who headed up the Congressional inquiry, had sent his findings to the Justice Department to figure out whether executives broke the law.
The subpoena come two weeks after lawyers for Goldman met with the Manhattan District Attorney's office for an "exploratory" meeting about the Senate, the people said.
"We don't comment on specific regulatory or legal issues, but subpoenas are a normal part of the information request process and, of course, when we receive them we cooperate fully," said a Goldman spokesperson.
Shares of Goldman Sachs were down more than 2 percent on Thursday.
Related listings
-
Ark. court upholds conviction in TV anchor slaying
Recent Cases 06/02/2011The Arkansas Supreme Court has rejected an appeal by a man convicted of killing a Little Rock television anchorwoman. Justices said Thursday that Curtis Vance's objections are without merit. Vance had appealed his capital murder and rape convictions ...
-
US investigating Google claim of China hacking
Recent Cases 06/02/2011Authorities in the United States are investigating a Google claim that hackers in China stole email details of senior U.S. government officials -- an issue that illustrates the problem of attribution in cyberspace, the coordinator for cyber issues at...
-
Attorneys to give openings in Mumbai terror case
Recent Cases 05/23/2011The trial of a Chicago businessman accused of helping plan deadly attacks in Mumbai in 2008 is being closely watched worldwide for what testimony might reveal about the global fight against terrorism. Defense attorneys, though, say their case is abou...
USCIS Issues Clarifying Guidance on NAFTA TN Status Eligibility for Economists
U.S. Citizenship and Immigration Services (USCIS) announced today that it is clarifying policy guidance (PDF, 71 KB) on the specific work activities its officers should consider when determining whether an individual qualifies for TN nonimmigrant status as an economist.
The North American Free Trade Agreement (NAFTA) TN nonimmigrant status allows qualified Canadian and Mexican citizens to temporarily enter the U.S. to engage in specific professional activities, including the occupation of economist. The agreement, however, does not define the term economist, resulting in inconsistent decisions on whether certain analysts and financial professionals qualify for TN status as economists.
TN nonimmigrant status is intended to allow a limited number of professionals and specialists to work temporarily in certain specifically identified occupations in the United States. This updated guidance provides USCIS officers with a specific definition of one such category – economists – allowing them to adjudicate applications in a way that complies with the intent of the agreement. This policy update clarifies that professional economists requesting TN status must engage primarily in activities consistent with the profession of an economist. Individuals who work primarily in other occupations related to the field of economics — such as financial analysts, marketing analysts, and market research analysts — are not eligible for classification as a TN economist.