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(Author: Libyan Gazette Editorial Staff) The ruling for the lawsuit that the Libyan Investment Authority (LIA) launched against US investment bank Goldman Sachs for allegedly setting up bad deals for the LIA will be announced on Friday. The LIA is suing Goldman Sachs for $1 billion and filed the lawsuit …
Read More »Goldman Was More than Just an Investment Bank for Libyan Investment Authority
On Tuesday the Libyan Investment Authority (LIA) argued its case in court against Goldman Sachs saying that Goldman knowingly manipulated the LIA into bad investments. The LIA is suing the New York bank for $1.2 billion relating to nine investments that went sour in 2008 after Goldman allegedly misused the …
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