Goldman Sachs vindicated but bruised in court battle with Libyan fund

The outcome of a two-and-a-half-year legal battle between Goldman Sachs and Libya's $67 billion sovereign fund is a triumph for the Wall Street giant, which was vindicated despite embarrassing revelations about how some of its bankers conducted business.
The London High Court found in favor of Goldman Sachs on Friday, with Judge Vivien Rose dismissing the fund's arguments, made over the course of a bruising seven-week trial.
While the Libyan Investment Authority (LIA) is likely to appeal, according to a source with knowledge of the matter, the lurid details spilling out of the case... read more
17 October 2016 in
Business,
Views: 49
Source: Reuters
Realtime News
- 02:02 Robert Doyle: second sexual harassment investigation 'inconclusive'
- 01:39 Ten-year-old ice skater Jayden Orr 'died in seconds'
- 01:39 Sexual violence guide created for Scottish universities
- 01:35 Northampton couple ink each other for MTV's 'Just Tattoo of Us'...
- 01:32 The Yorkshire Dales farmer helping asylum seekers
- 01:25 Meek Mill, rapper whose imprisonment sparked outcry, released on bail
- 01:24 How can businesses tackle sexual harassment?
- 01:24 Blossoms on the essence of cool
- 01:24 Reality Check: Who controls your data?
- 01:24 Will Salisbury ever recover from the Skripal poisoning?
- 01:19 Trump sending treasury secretary to China as trade tensions mount
- 01:12 Party leaders urge Theresa May to act on childhood obesity
- 01:04 Roma manager Eusebio Di Francesco believes they can still beat...
- 01:04 Allan McGregor set for sensational return to Rangers when his Hull...
- 01:04 Vincenzo Montella keeps Sevilla job but sporting director Oscar...
- 01:04 Liverpool heroes leave Anfield following rollercoaster Roma clash...
- 00:55 WhatsApp to raise minimum age limit to 16 in EU
- 00:51 Bill Cosby's lawyers attack accusers and 'silly evidence' in...
- 00:51 Record levels of plastic discovered in Arctic sea ice
- 00:51 Mexico: dismembered corpse dumped after presidential candidate says...
- 00:51 Macron pitches new Iran deal to sweeten existing agreement for Trump
- 00:50 The Yorkshire Poat says: Survive and thrive. Creating a niche...
- 00:50 The Yorkshire Post says: A hollow promise. Jeremy Corbyn’s ‘kinder...
- 00:50 The Yorkshire Post says: Brexit failings of Civil Service. Business...
- 00:45 Report warns countryside could be ‘littered’ with fracking wells
- 00:45 Sarah Power: Data protection vital to post-Brexit UK. Whit it...
- 00:45 Bernard Ingham: Brexit and Theresa May’s big chance to put House of...
- 00:45 GP Taylor: Make the internet giants pay for death of our shops
- 00:44 Joanna Lumley: 'Terrified all men are seen as bad'
- 00:41 New prostate therapy recommended on NHS
« | ‹ | › | » | |||
Mo | Tu | We | Th | Fr | Sa | Su |
1 | ||||||
2 | 3 | 4 | 5 | 6 | 7 | 8 |
9 | 10 | 11 | 12 | 13 | 14 | 15 |
16 | 17 | 18 | 19 | 20 | 21 | 22 |
23 | 24 | 25 | 26 | 27 | 28 | 29 |
30 |