Goldman Settles Fee Dispute With Ex-Manager Over Leak Probe
- Joseph Jiampietro had sued bank for $350,000 in legal fees
- Ex-manager, once target of federal probe, was fired in 2014
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Goldman Sachs Group Inc. settled a former executive’s claim that it wrongfully refused to reimburse at least $350,000 in legal fees tied to his involvement in a government probe of leaked Federal Reserve documents.
Joseph Jiampietro, an ex-managing director at the company’s investment banking division, sued the bank in Delaware Chancery Court over fees he racked up while defending himself in the investigation. No criminal charges have been filed against him over the leaked documents. Goldman agreed to settle the case and a counterclaim it had filed in state court in New York seeking arbitration.