Judge rules Goldman must defend claims over Abacus deal

04/25/2012 | Reuters · Wall Street Journal, The

A New York state judge ruled that Goldman Sachs Group must defend fraud claims brought by ACA Financial Guaranty regarding a synthetic collateralized debt obligation. The bond insurance company says Goldman induced it to provide insurance for the CDO, called Abacus 2007-ACI. However, the judge dismissed ACA's "third cause of action for unjust enrichment."

View Full Article in:

Reuters · Wall Street Journal, The

Published in Briefs: