Prof. Ronald Colombo Discusses Trading-Tip Favoritism Allegations Against Goldman Sachs Group

Ronald J. Colombo, Associate Dean for Academic Affairs and Professor of Law


Ronald J. Colombo, a professor at Hofstra Law, suggested that Goldman didn’t actual break the law and only decided to settle because it was already reeling from a series of recent bruises to its reputation. He said that the firm was essentially just sharing its opinion early with a select group of people.

“I don’t think they’ve done anything legally wrong. They’re playing favorites and that’s not nice. That’s life,” Colombo said. “But I don’t think Goldman’s in the mood to fight.”

To read the full article, visit law360.com.