Dodgson, Andrew Hind, Benjamin Anderson and Iraj Parvizi had their cases transferred to Southwark Crown Court in London for further proceedings on Dec. 21 following a magistrates court hearing Friday. The men were charged with conspiracy to commit insider dealing earlier this month following a two-and-a-half-year investigation by the U.K. Financial Services Authority.
And the news organisation also reports that Goldman Sachs failed to win dismissal of a lawsuit by Australian hedge fund Basis Capital Funds Management Ltd. over the sale of securities known as Timberwolf and Point Pleasant.
New York Supreme Court Judge Shirley Werner Kornreich in an order today denied Goldman’s request to throw out Basis Capital’s fraud, negligent misrepresentation, unjust enrichment and recession claims. The judge agreed to dismiss the breach of contract claim and a claim for breach of implied covenant of good faith and fair dealing.
image: © Valerie Everett