{"id":28663,"date":"2012-04-25T09:15:30","date_gmt":"2012-04-25T13:15:30","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=28663"},"modified":"2012-04-25T09:15:30","modified_gmt":"2012-04-25T13:15:30","slug":"fraud-lawsuit-survives-over-goldmans-abacus-cdo","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2012\/fraud-lawsuit-survives-over-goldmans-abacus-cdo.html","title":{"rendered":"Fraud lawsuit survives over Goldman&#8217;s Abacus CDO"},"content":{"rendered":"<p>Reuters &#8211; Goldman Sachs Group Inc must defend fraud claims brought by a bond insurance company over its notorious Abacus mortgage product deal, a New York state judge ruled, but she decided that the investment bank did not unjustly enrich itself.<\/p>\n<p>In a lawsuit last year, ACA Financial Guaranty Corp accused Wall Street&#8217;s most influential investment bank of financially inducing it to provide insurance for Abacus 2007-ACI &#8211; a synthetic collateralized debt obligation (CDO). Goldman settled with the top U.S. market regulator in 2010 over the same CDO transaction for $550 million without admitting wrongdoing.<\/p>\n<p><a href=\"http:\/\/www.chicagotribune.com\/business\/sns-rt-us-goldman-abacus-rulingbre83n1am-20120424,0,3403208.story\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Goldman Sachs Group Inc must defend fraud claims brought by a bond insurance company over its notorious Abacus mortgage product deal, a New York state judge ruled, but she decided that the investment bank did not unjustly enrich [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-28663","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/28663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=28663"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/28663\/revisions"}],"predecessor-version":[{"id":28665,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/28663\/revisions\/28665"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=28663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=28663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=28663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}