Goldman Sachs Wins Suit Over $1.2 Billion Libyan Fund LossesBy and
London judge says Goldman Sachs wasn’t an adviser to LIA
Verdict ends case filled with claims of threats, toxic trades
Goldman Sachs Group Inc. didn’t dupe Libyan officials into investments that lost $1.2 billion, a London court ruled, putting to rest claims the bank leveraged its reputation as well as lavish meals and prostitutes to win the sovereign wealth fund’s trust.
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