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Case of the Day: SEC v. Tourre
Our Case of the Day is SEC v. Tourre (S.D.N.Y. 2011). Fabrice Tourre was a key player in the Goldman Sachs CDO story. The allegation was that Goldman Sachs sold collateralized debt obligations to its clients and then bet that the CDOs would fall in price. For those interested in the underlying allegations, here is the seminal 2009 article from……
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Case of the Day: Heraeus Kulzer, GmbH v. Biomet, Inc.
Germany is one of the jurisdictions most implacably opposed to U.S.-style pretrial discovery in civil cases, or so it seems to me. Hence the irony of Heraeus Kulzer, GmbH v. Biomet, Inc., No. 09-2858 (7th Cir. Jan. 24, 2011), our case of the day, where a German firm suing an American firm in Germany for……