Fabulous Fab Verdict: Jury Finds Fabrice Tourre Liable For Securities Law Violations

``Not on trial in the case was Goldman Sachs itself, although the bank was paying Tourre's legal fees. That is because it settled with the SEC in 2010, paying a $550 million penalty without admitting or denying wrongdoing. The SEC had taken a big gamble on this case, turning what ordinarily would have been a fairly quiet matter involving a young, mid-level banker into a make-or-break moment for its response of the financial crisis.''