Libya SWF trial against Goldman Sachs set to start at London High Court

Libya’s $67 billion sovereign wealth fund will go head-to-head with Goldman Sachs in London’s High Court this week over claims that the U.S. investment bank exploited the fund by encouraging it to make risky and ultimately worthless investments. In what will be one of the most closely watched cases in the City of London, the Libyan Investment Authority (LIA) is attempting to claw back $1.2 billion from the Wall Street giant from nine disputed trades carried out in 2008.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4815025,00.html

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