Jury Finds Against Tourre In Paulson CDO Case

Aug 1 2013 | 4:51pm ET

Former Goldman Sachs executive Fabrice Tourre has been found liable for misleading investors in a Paulson & Co.-linked collateralized debt obligation.

The jury took two days to find against Tourre on six of the seven claims brought by the Securities and Exchange Commission against him three years ago. According to the regulator, Tourre deliberately misled investors and the insurer of ABACAS-2007-AC1 about Paulson's role in selecting the securities that went into the deal, and about the hedge fund's plans to short it.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…