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.