Libya Sues Goldman Sachs Over Derivatives Trade Gone Bad – ValueWalk Premium
Libya

Libya Sues Goldman Sachs Over Derivatives Trade Gone Bad

In a growing list of Over The Counter (OTC) derivatives trades gone bad, Libya’s sovereign investment fund sued Goldman Sachs Group Inc (NYSE:GS) in London’s High Court last week, saying it lost more than $1 billion on now worthless derivatives while Goldman walked away with a profit of $350 million, according to a report in the New York Times.

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