Koko: Goldman Sachs CEO Lawyers Up

07 Other Atrocities, 10 Transnational Crime, Commercial Intelligence, Corruption
Koko

Goldman Sachs CEO lawyers up

Charles Riley

CNNMoney, 22 August 2011

EW YORK (CNNMoney) — Goldman Sachs CEO Lloyd Blankfein has retained the services of prominent defense attorney Reid Weingarten.

Investors did not take the news well. Goldman shares plunged in the final minutes of trading, following a report published late Monday by Reuters. Shares dropped almost 5% to $106.51 — a fresh 52-week low. The stock lost another 1.5% in trading after the close.

Weingarten, an attorney at Steptoe & Johnson, is one of the nation’s premier white-collar crime attorneys. He represented WorldCom CEO Bernard Ebbers and former Enron accountant Richard Cause, among others.

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