Every Friday, we choose an alum who has been making headlines—for better or for worse.
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Richard Klapper ’79MA, ’79JD

Facing an aggressive fraud suit by the federal government, who ya gonna call? When you’re Goldman Sachs, you call Richard Klapper ’79MA, ’79JD, a “fearsome litigator” with “an impressive record of courtroom victories on behalf of some of biggest financial firms in the world,” Reuters reports. Those include defending the Bank of New York against shareholder accusations of money laundering, and the defeat of Enron shareholders who sued Barclays bank over its advice to the energy giant that become synonymous with corporate corruption. While Klapper keeps a low profile, “It’s certainly fair to say that ‘formidable’ is the right word for him,” says a former colleague at the New York law firm of Sullivan and Cromwell.

Even before the Securities and Exchange Commission sued Goldman on April 16, the Wall Street giant known as “Government Sachs” tapped another Yalie—Gregory Craig ’72JD—“to help navigate the halls of power in Washington,” Politico reports. Craig is now practicing at the firm of Skadden, Arps, Slate, Meagher & Flom. The SEC accuses Goldman of selling mortgage investments that it expected to fail.

Filed under Law School, lawsuit, finance, Graduate School
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