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Home Investment

LIA seeks Leave to Appeal in Goldman Sachs case

4th November 2016
in Investment
LIA Recovers $126m from Cornhill, Lehman
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By John Lee.

The Libyan Investment Authority (LIA) has reportedly asked on Friday for leave to appeal against last week's British High Court ruling in favour of Goldman Sachs.

The $67-billion sovereign wealth fund had alleged that Goldman executives exerted undue influence over its officials regarding a series of transactions through which the fund claims to have lost more than $1 billion.

Goldman is reported to have earned about $222 million from the trades.

(Source: Reuters)

Tags: featuredGoldman SachsLibyan Investment Authority (LIA)United Kingdom

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