Bloomberg Law
May 26, 2023, 7:55 PM

Ex-Goldman Banker Loses Suit for Insider-Trading Defense Costs

Bob Van Voris
Bob Van Voris
Bloomberg News

A former Goldman Sachs Group Inc. vice president about to go on trial for insider trading lost his bid to force the bank’s insurer to pay millions of dollars to cover his legal defense costs.

Brijesh Goel is charged with providing tips about Goldman deals in 2017 and 2018 to Akshay Niranjan, his business school classmate and former squash partner. Niranjan traded on the information but later turned informant, wearing a wire to record conversations in which Goel allegedly suggested destroying evidence.

Goel sued AIG in March after the insurer said it wouldn’t cover legal bills that had already ...

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