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

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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.

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