Securities
Apr. 3, 2012
Increased scrutiny may not pay dividends for Goldman’s clients
A former employee's allegations regarding the culture at Goldman Sachs raises questions of its liability for breach of fiduciary duty. By Renata A. Guidry and Tyler R. Dowdall of Epport, Richman & Robbins LLP
As little as a month ago, Greg Smith was unknown outside of a small group of investors. Today, the world is well aware of the former Goldman Sachs Group Inc. executive director whose public departure resulted in a $2 billion loss to the company's market capitalization, in part thanks to Smith's op-ed article published in The New York Times on March 14. Smith's resignation and his allegations regardin...
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