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Saturday, January 13, 2018

Goldman thwarts fraud class action tied to Abacus CDO: U.S. appeals court

NEW YORK (Reuters) - A U.S. appeals court said a shareholder lawsuit accusing Goldman Sachs Group Inc of fraudulently claiming to put client interests before its own when creating risky subprime securities before the financial crisis, including a collateralized debt obligation known as Abacus, cannot proceed as a class action.


from Reuters: Business News http://ift.tt/2CXdSTX

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Egg prices surge as US inflation picks up

Overall prices in the US rose 2.9% compared with a year earlier, official figures show. from BBC News https://ift.tt/vzguNGa