The U.S. Securities and Exchange Commission has granted Goldman Sachs’s request to push back the date of their response to the civil-fraud suit the agency filed against them re: Abacus from the 21st of June to the 19th of July. No word as to why they needed this extra time, but we’re guessing it’s because Lloyd wants to make sure they give the agency all of the materials they need, including the back-and-forth e-mails between him and Laura over Jonathan’s Hanukkah present, because you never know what may turn out to be valuable, one man’s trash is another man’s treasure, etc. [Bloomberg]
Expect detours and delays around the GWB approaches. Use alternate routes.