Lia

News Nov 4, 2016

Libya Accuses Goldman Sachs of Bribery in Bid to Appeal Lawsuit

The Libyan Investment Authority tried to resurrect its lawsuit against Goldman Sachs Group Inc. by adding new accusations of bribery, less than a month after a crushing courtroom defeat in London. But Judge Vivien Rose said at a hearing Friday that the appeal had no chance of success and ordered the sovereign wealth fund to pay Goldman at least 8.5 million pounds ($10.6 million) for legal …

News Oct 15, 2016

Goldman Sachs Wins $1bn Lawsuit With the Libyan Investment Authority

Goldman Sachs on Friday won a lawsuit filed against it by the Libyan Investment Authority (LIA), a government-managed sovereign wealth fund. The Libyan fund had sued the American investment bank for $1.2bn (£984m) over losses that it had incurred from derivatives purchased in 2008. The LIA had alleged that Goldman Sachs had wooed the fund’s officials with prostitutes, fine-dining in London’s …