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ACA Financial sues Goldman Sachs for CDO fraud

Bond insurer ACA Financial Guaranty filed suit Thursday against Goldman Sachs.
The suit alleges fraud and seeks $ 30 million in compensatory and $ 90 million in punitive damages stemming from the role the investment bank played in the marketing of the synthetic collateralized debt obligation named ABACUS.
Goldman Sachs developed ABACUS and sold it to investors on behalf [...] ACA Financial sues Goldman Sachs for CDO fraud
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