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Small Victories: Sergey Aleynikov Edition

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Goldman Sachs does not have to pay the people trying, at its behest or otherwise, to put former programmer Sergey Aleynikov in jail (again). But it does have to pay to try to keep him out of jail. For now. Unless he does go to jail (again). Then all bets are off. Which is good for old Sergey (for now), because, as you might imagine, given the ordeal he's been through, he's broke.

Mr. Aleynikov sued Goldman Sachs in 2012 in federal court in New Jersey, seeking to both recoup his legal fees from the federal criminal trial and get an advancement of fees for his trial in state court.

The judge said Goldman Sachs must advance fees for the state trial but deferred a final ruling on fees incurred during the federal trial. Judge McNulty noted that in previous court filings, lawyers for Mr. Aleynikov said Goldman Sachs had paid the legal fees of 51 of 53 people who sought them, including 15 who, like him, were vice presidents.

If Mr. Aleynikov is convicted in state court, Goldman Sachs can seek reimbursement of the funds it provided, the judge said.

The judge called the issue of whether Mr. Aleynikov was an officer a "close question," citing the fact that the term "vice president" is something of a "courtesy title" in the financial-services industry. But he also said "it is uncontroversial that a 'vice president,' at least in the corporate context, is a kind of officer."

Goldman Ordered to Pay Legal Fees in Code-Theft Case [WSJ]


Sergey Aleynikov Is Dancing Again

One thing that I may have mentioned here is that, before I was lured to the blogging industry by the outrageous lucre on offer, I worked at this little establishment called Goldman Sachs. One thing that I probably haven't told you, but that I've mentioned to a few friends and co-workers, is that due to some frankly inexplicable confusion, the time between my telling people "I am leaving to go work for Dealbreaker" and my being escorted out of the building by active-duty Navy SEALS was somewhat longer than you might expect (viz. several nanoseconds). One thing that I've never told anybody, so let's keep it between us, is that I made good use of the delay to download certain files to a flash drive. I won't discuss all the details, since I'm using some of those files to set up my own high-frequency insider trading fund, but I will mention that with the right codes the voice recorders in the GS elevators can be accessed remotely.* One reason I never told anyone about this before is that Goldman takes it badly when people take stuff with them on the way out, and has a tendency to react by having them imprisoned for the better part of a decade. After today, though, it looks like I'm good to go:


We Already Know How This Low-Budget Sergey Aleynikov Knockoff Ends

Sometimes you can't afford a Goldman Sachs-level software heist.