Goldman Says It Didn't Hide Paulson Position On Abacus

Law360, New York (October 25, 2011, 8:36 PM EDT) -- An attorney for Goldman Sachs Group Inc. told a New York state judge Tuesday that Goldman never misrepresented material facts about the position that hedge fund Paulson & Co. Inc. took on the so-called Abacus transaction to the deal's insurer, ACA Financial Guaranty Corp.

ACA alleges in its $120 million suit that, as revealed in a U.S. Securities and Exchange Commission case over the same transaction, Goldman Sachs told the insurer that Paulson & Co. was taking an equity position in the transaction to lure it...
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