Goldman Sachs Wins Suit Over $1.2 Billion Libyan Fund Losses

  • London judge says Goldman Sachs wasn’t an adviser to LIA
  • Verdict ends case filled with claims of threats, toxic trades

Goldman Sachs Wins Suit Over Libyan Fund Losses

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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