As the head of litigation for the U.S. Securities and Exchange Commission, Matthew Martens’ main job is to oversee other lawyers. In his three years at the agency, he had not tried a case himself.
That is, until the SEC decided to bring a civil fraud suit against former Goldman Sachs Vice President Fabrice Tourre, the highest profile case to emerge from the agency’s investigations into the causes of the 2008 financial crisis.
Martens, 41, tried the case himself and on Thursday secured a big win. A federal jury in Manhattan found Tourre liable on six of the seven charges against him.
via RPT-‘Fabulous Fab’ verdict is vindication for SEC lawyer — Reuters.