Goldman Sachs under fire in CDO lawsuit

Lawyers and other market participants claim Goldman Sachs has a case to answer in dispute over synthetic CDO, after US regulator files complaint against the Wall Street bank.

Goldman Sachs has come in for strong criticism over its role in arranging a synthetic collateralised debt obligation which resulted in nearly $1 billion of losses for investors. The CDO is the subject of a lawsuit filed by the US Securities and Exchange Commission last month.

A former senior official at New York-based ACA