John Paulson promises to shield investors from any legal fees related to ABACUS

Fri Apr 23, 2010

Paulson assures investors that in the unlikely event of a lawsuit, the firm -- and not the investors -- will cover the legal bills.

Paulson & Co. informed clients on Wednesday that any litigation resulting from the Securities and Exchange Commission's suit against Goldman Sachs over the marketing of the collateralized debt obligation ABACUS 2007-AC1 would be borne by Paulson & Co. and not by the firm's investors. The letter followed a conference call earlier that day in which John Paulson...

ISSN: 2151-1845 / CDC10004H

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