Heungkuk Life Drops CDO Suit Against Goldman Sachs (GS) - Reuters

Goldman (NYSE: GS) also moving higher on reports out of Reuters saying that Heungkuk Life Insurance has withdrawn a lawsuit alleging that Goldman secretly bet against CDO is sold to clients.

According to a court filing, the fraud suit was discontinued without prejudice.

Goldman ended over 1 percent better Wednesday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• This stock's long-term growth story remains intact despite recent pullback: BTIG
• Citi sees Birkenstock EPS beat, guidance lift on FX and lower share count
• Bernstein sees deep value in payments firm despite growth concerns