Goldman Sued Again for ‘Timberwolf’ Sale by Basis Capital
This article is for subscribers only.
Basis Capital Funds Management Ltd., an Australian hedge fund, filed a new lawsuit against Goldman Sachs Group Inc. over the sale of securities known as Timberwolf and Point Pleasant after a similar complaint was dismissed.
The suit, filed yesterday in New York State Supreme Court in Manhattan by Basis Capital’s Basis Yield Alpha Fund, accuses New York-based Goldman Sachs of “knowingly making materially false and misleading statements and omissions” in connection with the securities.