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Goldman Sued Over Abacus Deal, Again

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This time by ACA.

ACA Financial’s lawsuit, filed in the Commercial Division of the Supreme Court of the State of New York, alleges fraud and unjust enrichment in the matter. Goldman “developed and sold on behalf of its hedge-fund client Paulson & Co. in 2007.” ACA said it was misled by Goldman’s “fraudulent” activities and is seeking $30 million in compensation and $90 million in punitive damages.

Obviously no biggie, as this kind of thing happens to Goldman all time. In much more serious news, has anyone heard from Fab lately? Lloyd's worried.

[via MarketWatch]