UPDATE 1-U.S. judge closes part of Goldman secrets trial

* U.S. alleges programmer stole secret code in June 2009

* Prosecutors had asked judge to protect Goldman secrets

By Grant McCool

NEW YORK, Dec 2 (BestGrowthStock) – A U.S. judge closed to the
public parts of testimony in the trial of a former computer
programmer accused of stealing secret high-frequency trading
code from Goldman Sachs Group Inc (GS.N: ).

U.S. District Judge Denise Cote said from the bench on
Thursday that she was granting a government application to seal
parts of testimony of three witnesses, all of them employees at
Wall Street’s most influential bank.

Prosecutors allege that programmer Sergey Aleynikov stole
critical parts of Goldman’s top-secret high-frequency trading
program in June 2009 before going to a new job with Teza
Technologies LLC, a speed-trading start-up firm in Chicago.

The government gave notice to the Manhattan federal court
judge weeks ago that it would seek to close the courtroom to
the public and journalists for portions of testimony, saying
that there were privacy issues at stake for Goldman.

At least one news organization and one member of the public
objected to any part of the trial being closed.

Cote said in court that “nothing had been done off the
record or in secret yet” in the trial that is expected to last
about three weeks. She said that Aleynikov’s lawyers and the
media had been given enough notice to raise any objections.

A lawyers for Aleynikov, 40, said in Tuesday’s opening
arguments that the programmer did not harm and could not have
harmed Goldman Sachs. Aleynikov has been free on bail since his
July 2009 arrest.

The case is USA v Aleynikov, U.S. District Court for the
Southern District of New York, No. 10-96.
(Reporting by Grant McCool; Editing by Derek Caney)

UPDATE 1-U.S. judge closes part of Goldman secrets trial