Earlier in the year the Securities and Exchange Commission (SEC) alleged that the investment bank and its employee had misled investors over an investment product related to subprime mortgage securities.
Goldman Sachs acknowledged it had made a mistake in relation to the listing and agreed to pay a $550 million settlement with the industry regulator.
Lorin Reisner, a lawyer for the SEC, said that talks between the court and Mr Tourreâs legal team have begun.
âI would characterize us as having very preliminary discussions along those lines a while back, and thatâs all,â he stated.
Mr Reisner added that the SEC expects to provide the Goldman employeeâs lawyers with more than 90,000 documents while 25 witnesses may provide testimonies.
Pamela Chepiga, a lawyer acting on behalf of Mr Tourre, said that he may ask as many as 50 witnesses to provide evidence if a trial was to go ahead.
The employee is currently on paid leave from his position at the bank.
By Jim Ottewill