John Paulson, whose hedge fund profited from the transaction at the heart of the civil fraud charges filed against Goldman Sachs, has pledged to his investors that he will bear the costs of any litigation that might be brought against his company in the matter.
Mr Paulson's assertion that his funds would not be charged for potential litigation expenses came during a call with investors in late April. However, he emphasised that he does not expect any legal action to be taken against his company, Paulson & Co.
“The Securities and Exchange Commission is clear that we did not misrepresent anything,” Mr Paulson told investors. “The SEC complaint has no impact on us.”
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