Paulson: "We do operate in a litigious environment"
April 23, 2010
Paulson prepares investors for the possibility of a legal battle related to the SEC case against Goldman Sachs, though he thinks such an outcome is unlikely.
Paulson & Co. Inc. wasn’t charged in the Securities and Exchange Commission’s allegations of securities fraud against Goldman Sachs and has forcefully denied any wrongdoing, but the powerful hedge fund is still preparing investors for a potential legal battle. As AR has reported, some legal experts believe that Paulson could be sued for its role in creating and betting against a synthetic collateralized debt obligation called ABACUS 2007-AC1 –...
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