|
The
lawsuit was filed in New York state Supreme Court in Manhattan
against Joseph Jiampietro, an ex-Goldman employee whom the
Federal Reserve Board this month brought an enforcement case
against.
Goldman's lawsuit came after Jiampietro in July sued the bank in
Delaware Chancery Court seeking to force it to cover at least
$350,000 in legal expenses stemming from probes by the Federal
Reserve and the Financial Industry Regulatory Authority in 2015.
Adam Ford, a lawyer for Jiampietro, in a statement called
Thursday's lawsuit "a classic example of inappropriate forum
shopping" by Goldman Sachs to delay advancing his client's
defense fees.
The Fed brought enforcement proceedings against Jiampietro on
Aug. 3, the same day it announced a $36.3 million settlement
with Goldman Sachs for the unauthorized use and disclosure of
confidential information.
The Fed alleged that Jiampietro in 2014 on multiple occasions
asked Rohit Bansal, a Goldman associate who previously worked at
the Federal Reserve Bank of New York, to obtain confidential
information from a New York Fed employee.
The information was then used by Jiampietro and Bansal in
connection with Goldman Sachs' regulatory advisory work for
current clients and pitches to potential clients, the Fed said.
The Fed is seeking to fine Jiampietro and bar him from the
banking industry. Jiampietro denies wrongdoing.
Bansal and the former New York Fed employee, Jason Gross, both
pleaded guilty in November to a misdemeanor charge of theft of
government property, and were sentenced to probation in March.
The criminal case came after an earlier related $50 million
settlement by Goldman Sachs in October with the New York
Department of Financial Services.
The case is The Goldman Sachs Group Inc v. Jiampietro, New York
State Supreme Court, New York County, No. 654364/2016.
(Reporting by Nate Raymond in New York; Editing by Cynthia
Osterman)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
