Goldman, Natixis in Talks to Settle U.K. Default Swaps Fight
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Goldman Sachs Group Inc. and Natixis SA are in settlement talks to resolve a lawsuit over the termination of credit-default swaps that was scheduled to go to trial today.
Judge Elizabeth Gloster of the High Court of Justice in London agreed to postpone the start of trial until 2 p.m. today after Anthony Grabiner, a lawyer for Goldman Sachs, said the parties were likely to resolve the dispute “around lunchtime.”