Goldman Sachs (GS) Falls on Word CEO Blankfein Hired High-Power Defense Attorney Weingarten
Tweet
Share
E-mail
Get Alerts GS Hot Sheet
Join SI Premium – FREE
Shares of Goldman Sachs (NYSE: GS) are under pressure late Monday following reports CEO Lloyd Blankfein hired high-profile Washington defense attorney Reid Weingarten.
Blankfein's hiring of the attorney comes as investigators continue to probe the company related to its role in the financial crisis, according to Reuters which exclusively reported the hiring.
"Why do you bring in someone like that?" the source told Reuters. "It says one thing: that they're taking it seriously."
Blankfein has not been charged in any criminal or civil cases and it was not immediately clear why he hired Weingarten.
Former clients of Weingarten include former WorldCom Inc. CEO Bernard Ebbers and Enron accounting officer Richard Causey.
Shares of Goldman Sachs are down 5 percent into the close on the news.
Blankfein's hiring of the attorney comes as investigators continue to probe the company related to its role in the financial crisis, according to Reuters which exclusively reported the hiring.
"Why do you bring in someone like that?" the source told Reuters. "It says one thing: that they're taking it seriously."
Blankfein has not been charged in any criminal or civil cases and it was not immediately clear why he hired Weingarten.
Former clients of Weingarten include former WorldCom Inc. CEO Bernard Ebbers and Enron accounting officer Richard Causey.
Shares of Goldman Sachs are down 5 percent into the close on the news.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Hunterbrook bullish on Modine Manufacturing (MOD)
- LivePerson extends special meeting deadline for SoundHound AI merger vote
- Holcim said to acquire part of James Hardie's EU business
Create E-mail Alert Related Categories
Corporate News, Rumors, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
