In an order made public on Friday, U.S. District Judge Laura Taylor Swain in Manhattan federal court denied Tournant's motion to dismiss the five-count indictment, which also includes an obstruction charge.
Tournant said dismissing the indictment was justified because prosecutors' "intrusion" into his attorney-client relationship had been "manifestly and avowedly corrupt."
Two other former portfolio managers have pleaded guilty in the case and agreed to cooperate with prosecutors.
The case is U.S. v. Tournant, U.S. District Court, Southern District of New York, No.
Reporting by Jonathan Stempel in New York; Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
Persons:
Charles Platiau, Gregoire Tournant's, Laura Taylor Swain, Tournant, Swain, Allianz's, Sullivan, Cromwell, Jonathan Stempel, Marguerita Choy
Organizations:
Allianz, La Defense, REUTERS, Alpha Funds, Prosecutors, U.S . Securities, Exchange Commission, Court, Southern District of, Thomson
Locations:
Puteaux, La, Paris, France, U.S, Manhattan, Southern District, Southern District of New York, New York