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Goldman Sachs Prevails in Dispute With Libyan Fund

The Libyan Investment Authority claimed that Goldman Sachs exploited its financial naïveté and pushed it into transactions that cost it $1.2 billion in losses.
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Goldman Sachs wins $1.2bn legal battle against Libyan Investment Authority

Goldman Sachs courted Libyan clients with prostitutes and luxury hotels, a court was told

Business & Finance : Business Insider: Clusterstock

Goldman Sachs employees courted clients at Libya's national investment fund with prostitutes and luxury travel, a London court heard. The Libyan Investment Authority is claiming for $1.2 billion (£850 million) it lost on nine trades...

Goldman Sachs Ordered To Pay Libyan Fund's Legal Costs

Business & Finance : Business Insider: Money Game

LONDON (Reuters) - Goldman Sachs has been ordered to pay the Libyan Investment Authority (LIA) 200,000 pounds ($321,820) in legal costs as part of a lawsuit brought by the fund over $1 billion in trades that ended up worthless. The ...

Libyan Fund Claims Goldman Sachs Exploited Its Financial Naïveté

Business & Finance : DealBook

The Libyan Investment Authority claims in a lawsuit that it lost $1.2 billion after it was misled by the Wall street bank about a series of derivatives transactions.

Goldman Sachs wins its dispute with Libya's $60 billion wealth fund

Business & Finance : Business Insider: Clusterstock

Goldman Sachs won their dispute in the UK's high court against Libya's $60 billion (£42 billion) sovereign wealth fund. The Libyan Investment Authority claimed it lost more than $1 billion (£750 million) on nine trades executed by G...

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