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Real Estate & Property Law

: The Home Equity Theft Reporter

Bond Insurer: 'Goldman Tricked Us Into Buying $30M In Worthless CDOs!' Firm Seeks To Recover Investment & Impose $90M In Punishment

By r morris

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The Wall Street Journal reports:ACA Financial Guaranty Corp. said it is suing Goldman Sachs Group Inc. for "fraud and unjust enrichment" in connection with a soured mortgage-backed investment that led the bank to pay $550 million to settle government charges last year.ACA said in a lawsuit filed in New York state court Thursday it is seeking $30 million in compensatory damages plus an additional

Full post as published by The Home Equity Theft Reporter on January 11, 2011 (boomark / email).

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