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Judge Rejects Move by Goldman’s Tourre to Toss Suit

Goldman Sachs Group Inc. trader Fabrice Tourre’s request to throw out the U.S. Securities and Exchange Commission’s lawsuit against him was rejected by a federal judge in New York.

U.S. District Judge Barbara S. Jones today dismissed Tourre’s motion seeking a judgment in the case. He had argued that the SEC can’t sue him over a Goldman Sachs deal involving collateralized debt obligations because the transaction didn’t take place in the U.S.