Libyan Sovereign Fund Sues Goldman Sachs

Posted on 01/22/2014

The Libyan Investment Authority (LIA) has filed a lawsuit against Goldman Sachs Group Inc. in London’s High Court of Justice. After the financial crisis, the LIA lost billions investing in structured credit and other complex security transactions. In regard to Goldman-related deals, the LIA lost approximately 98% of a US$ 1.3 billion bet on option […]

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