Weekly Brief: Rakoff Orders Gupta To Pay Goldman Sachs’ 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.