/9918578/Banner

/9918578/Banner_2

/9918578/Mid

section

articleId

product

orgType

parrefer

accountID

Consulting

Banking

Accounting

Fintech

Internships

Rankings

Internship Rankings

Intern Resource Center

Explore Internships

Vault Law Home

Practice Area Resource Centers

Regional Resource Centers

Summer Program Resource Center

Vault Law Culture & Inclusion Survey

Vault Law

Guides

Events

Financial Services

Technology

Grad School

Work Relationships

Productivity

Diversity, Equity & Inclusion

Social Impact

Remote Work

Negotiating

Changing Jobs

Workplace Issues

Blog

Resume Samples

Cover Letter Samples

Interview Tips & Questions

A Day in the Life

International

Career Readiness

Explore Professions

Research Industries

Search Companies

Career Advice

Employers

Schools

&lt;p&gt;Insightful look at the state of play in the Goldman Sachs vs. SEC showdown by John Carney. According to Carney (a former Skadden associate) rumors of an imminent settlement of the matter are overblown.&amp;nbsp; While of course Vampire Squids don&amp;rsquo;t make public comments, according to Carney&amp;rsquo;s sources, the bank is gearing up for a full-fledged defense against the SEC allegations, while simultaneously exploring the possibility of a settlement. Moreover, the same sources claim that Goldman&amp;rsquo; lawyers (presumably Rodge Cohen and his S&amp;amp;C minions), have only had a one meeting with the SEC, at which there was no discussion of a possible settlement.&amp;nbsp; Seemingly insurmountable are the fraud allegations: Goldman apparently won&amp;rsquo;t sign off to any deal affirming that Goldman committed fraud, although the bank supposedly would be willing to concede negligence in omitting a material fact. On the other hand, the SEC will not accept any settlement in which Goldman neither admits nor denies wrongdoing.&lt;/p&gt;&lt;p&gt;Assuming all of this information is accurate, it is especially interesting that Goldman (and Rodge) plan on skipping the &lt;i&gt;pro forma &lt;/i&gt;motion to dismiss, and will proceed directly to filing a response denying the charges in detail. The deadline for Goldman&amp;rsquo;s next move is mid-June. &lt;/p&gt;&lt;p align=&quot;right&quot;&gt;-posted by brian&lt;/p&gt;

Vault Law Editors

Article

Day in the Life: Insights from Attorneys in General Corporate Practice

Happy Martin Luther King Jr. Day from Vault Law

Learning and Development for Junior Associates

The Summer Experience at Weil’s Boston Office

The Library