Abacus lawsuit News

Goldman Sachs, Paulson Settle Fraud Claims by Bond Insurer Over Subprime CDO

Goldman Sachs Group Inc. has settled a 2011 lawsuit claiming the investment bank fraudulently induced a bond insurer to guarantee payments on the doomed Abacus collateralized debt obligation ahead of the financial crisis. ACA Financial Guaranty Corp. claimed Goldman and …

N.Y. Court Revives Bond Insurer’s $120M Lawsuit Against Goldman Sachs

New York’s top state court on Thursday revived a bond insurer’s $120 million lawsuit claiming Goldman Sachs Group Inc lied about a pool of securities backed by subprime mortgages during the period leading up the financial crisis. The New York …

ACA Financial Asks N.Y.’s Top Court to Revive Goldman Suit Over Abacus

ACA Financial Guaranty Corp. urged New York’s top court to reinstate a suit accusing Goldman Sachs Group Inc. of conspiring to force it to insure an investment that led to a $550 million settlement with regulators. Goldman failed to disclose …