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
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