LIA seeks Leave to Appeal in Goldman Sachs case

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)

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