Goldman Sachs has settled a 2011 lawsuit claiming the investment bank fraudulently induced a bond insurer to guarantee payments on the doomed Abacus collateralized debt obligation ahead of the financial crisis.
Goldman Sachs investors who claim they were harmed by conflicts of interest related to collateralized debt obligation transactions won permission to pursue their lawsuit as a group.
Almost six years after Lehman Brothers filed for the largest bankruptcy in history, triggering a global market meltdown, hedge funds are still feeding on its remains.
