John Paulson promises to shield investors from any legal fees related to ABACUS
April 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.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.