The University of Chicago may have had a change of heart about Fabrice Tourre, the former Goldman Sachs trader who was found liable of securities fraud last year.
Mr. Tourre had been scheduled to teach an undergraduate course on economic analysis beginning March 31. But on Tuesday, a spokesman for the school, Jeremy Manier, confirmed that he would no longer be an instructor.
Mr. Tourre, an economics doctoral student at the university, has asked a federal judge to give him a new trial or dismiss the charges against him. Mr. Tourre was accused of misleading a small group of investors in 2007 on a mortgage investment that later soured.
As part of its case, the Securities and Exchange Commission pulled up numerous internal emails that painted a damning portrayal of Wall Street excess, and were at times a bit embarrassing. In one email, Mr. Tourre makes reference to a friend’s nickname for him, the Fabulous Fab.
News that Mr. Tourre would no longer serve as an instructor comes after a week of intense media coverage of Mr. Tourre’s role at the university, much of it focusing on the case against him.
Mr. Manier did not give a reason for the change, but said that Mr. Tourre would now “be able to fulfill the teaching requirements for his Ph.D. program through opportunities in his department’s graduate-level curriculum.â€
News of the shift was reported on Monday by the university’s newspaper, the Chicago Maroon.
