Rakoff Orders Gupta To Pay Goldman's Legal Fees

Feb. 28 (Bloomberg Law) -- Bloomberg Law's Lee Pacchia runs through the legal news for the week. Manhattan Federal Judge Jed Rakoff ordered former Goldman Sachs' director Rajat Gupta to reimburse the investment bank for fees and expenses related to the investigation of his insider trading. Also, US Senator Ted Cruz made some controversial remarks about the number of alleged Communists at Harvard Law School. Finally, a new system to combat content piracy designed by media companies and internet service providers has just been launched.

There May Be a Sweet Spot for China Distressed Debt
35:09 - The specter of more soured assets piling up in China is turning into a sweet spot for distressed debt investors seeking fat returns. Bloomberg's Lianting Tu reports on "Bloomberg Markets." (Source: Bloomberg)
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