Fab Is Back In Court Tomorrow!

Fabrice Tourre In Court

Photo: AP

Fabrice Tourre had been hoping to delay further testimony in the SEC’s case against him because his lawyers hadn’t reviewed some 300,000 documents that could be pertinent to the trial.But a judge upheld an earlier decision by a different judge that depositions were to begin again on February 1, Reuters reports.

Which means, tomorrow!

As we know from last year, the SEC is suing Tourre for allegedly misleading investors about a pool of securities that Goldman created, called Abacus.

Goldman was also sued, but settled for $550 million.

Tourre has argued that it’s unfair to subject him to depositions without having seen 300,000 documents that relate to the case, including pages from Germany bank, IKB Deutsche Industriebank AG, which is one of the alleged victims.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.