Paulson: "We do operate in a litigious environment"
By Lawrence Delevingne
Fri Apr 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 -...
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.