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...

TAKE A FREE TRIAL

The full contents of this article are available to Absolute Return subscribers and trialists only.

To continue reading please, take a free trial, subscribe or log in.


Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now