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Securities Law

Goldman Sachs Lawyer Advises Long Pauses, Rambling Answers

Posted Apr 27, 2010 7:26 AM CDT
By Debra Cassens Weiss

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A lawyer reportedly helping Goldman Sachs executives prepare for a Senate hearing today revealed his usual strategy for congressional hearings in an interview last year.

O’Melveny & Myers partner K. Lee Blalack II told the American Lawyer last March that a congressional hearing room is not a forum for divining the truth, according to The BLT: The Blog of Legal Times. The goal, he said, is minimal damage to reputation.

“Long, thoughtful pauses followed by rambling nonresponsive answers can easily devour half of a member’s allotted questioning time,” Blalack told the American Lawyer.

The New York Times says Blalack is helping the executives prepare along with Michael Bopp, a partner at Gibson, Dunn & Crutcher.

Related coverage:

ABAJournal.com: "SEC Accuses Goldman Sachs of Selling Mortgage Investment Designed to Fail"

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