Goldman Sachs faces Libya lawsuit
A trial in London promises to give a rare glimpse into Goldman Sachs's dealings with one of world’s richest investors. The Libyan Investment Authority claims that Goldman exploited the sovereign wealth fund’s financial inexperience in 2008, forcin...
FT News in Focus · Financial Times
June 13, 20168m 54s
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Show Notes
A trial in London promises to give a rare glimpse into Goldman Sachs's dealings with one of world’s richest investors. The Libyan Investment Authority claims that Goldman exploited the sovereign wealth fund’s financial inexperience in 2008, forcing it into risky and ultimately loss making derivative trades. Goldman denies this. Matthew Vincent discusses the case with Jane Croft, the FT's law courts correspondent.
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