Posts tagged with: "abacus" Results 201 - 220 of 342
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4 Aug 2010, 4:40 am by By DEALBOOK
Deutsche's Abacus; the end of the Mack era at Morgan; Facebook hires a deal maker. [read post]
28 Jul 2010, 11:24 pm by By DEALBOOK
A New York judge put two shareholder lawsuits against executives and directors of Goldman Sachs Group Inc on hold until progress is made on 16 other lawsuits related to a controversial debt transaction involving the Wall Street bank. [read post]
24 Jul 2010, 1:43 pm by Kurt Schulzke
In short, the SEC says, Goldman and Tourre misled ABACUS 2007-AC1? [read post]
21 Jul 2010, 11:56 am by Christine Hurt
  Even if this duty had existed before the Abacus deal, Goldman would not have owed a fiduciary duty to its non-retail client. [read post]
  In settlement papers submitted to the court, Goldman "acknowledged that the marketing materials for the ABACUS 2007-ACI transaction contained incomplete information. [read post]
21 Jul 2010, 9:00 am by Tamar Weinrib
In its agreement with the SEC, Goldman "acknowledges" that the Abacus marketing materials "contained incomplete information" and that it was "a mistake" for the materials to state that the Abacus reference portfolio was selected by ACA Management without disclosing the role of Paulson & Co or that Paulson’s economic interests were adverse to those of the CDO investors. [read post]
20 Jul 2010, 8:48 am by White Collar Crime Prof Blogger
Among other things, Tourre contends that neither he nor Goldman "had a duty to disclose any allegedly omitted information" and that the ABACUS 2007-AC1... [read post]
19 Jul 2010, 7:00 pm by law shucks
The amount isn't as surprising as the fact that GS "acknowledge[d] that the marketing materials for [ABACUS] contained incomplete information" and admits to some other mistakes. [read post]
19 Jul 2010, 11:36 am by Sarah Zanoff
The SEC comes out looking pretty good by recovering over half of the losses on the ABACUS deal, while Goldman saves face by admitting to negligence but steering clear of an admission of fraud. [read post]
18 Jul 2010, 9:33 am by Larry Ribstein
Here it is: Goldman acknowledges that the marketing materials for the ABACUS 2007-ACI transaction contained incomplete information. [read post]
17 Jul 2010, 11:13 am by LindaMBeale
  Not surprisingly, that particular Abacus deal  was particularly bad and went south within months of its creation and sale. [read post]
16 Jul 2010, 3:55 pm
Goldman failed to disclose to investors vital information about the CDO, known as ABACUS 2007-AC1, specifically the role that hedge fund Paulson & Co. [read post]
16 Jul 2010, 12:07 pm by buslawblogger
Goldman and the SEC have reached a $550 million settlement (download PDF here) related to the ABACUS 2007-AC1 CDO, a package of mortgage securities. [read post]
16 Jul 2010, 8:46 am by Page Perry LLC
Goldman, Sachs & Co. has agreed to pay $550 million and reform its business practices to settle SEC charges that it misled investors in a subprime mortgage CDO known as ABACUS 2007-AC1, which collapsed, according to multiple articles in the Wall Street Journal, CNBC.com, and others. [read post]
16 Jul 2010, 2:40 am by Kevin LaCroix
It seems that it would be the two investors in the Abacus transaction, IKB and ACA-- except that ACA’s interests have been passed along to Royal Bank of Scotland, as a result of other transactions that ACA entered attendant to the Abacus deal. [read post]
15 Jul 2010, 10:50 pm by Sam E. Antar
On Friday, April 16, 2010, the SEC filed a surprise lawsuit against Goldman Sachs and Executive Director Fabrice Tourre alleging securities fraud in connected with the company's marketing of the ABACUS CDO to investors. [read post]