This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/world-africa-37657633

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Libya's $1.2bn claim against Goldman Sachs thrown out Libya's $1.2bn claim against Goldman Sachs thrown out
(about 20 hours later)
The London High Court has dismissed a $1.2bn (£840m) claim against US investment bank Goldman Sachs over Libya's sovereign wealth fund.The London High Court has dismissed a $1.2bn (£840m) claim against US investment bank Goldman Sachs over Libya's sovereign wealth fund.
The Libyan Investment Authority (LIA) was looking to recoup funds it said had been lost through nine disputed trades conducted in 2008.The Libyan Investment Authority (LIA) was looking to recoup funds it said had been lost through nine disputed trades conducted in 2008.
The Libyans said the bank had taken advantage of its lack of financial savvy, exerting "undue influence".The Libyans said the bank had taken advantage of its lack of financial savvy, exerting "undue influence".
Goldman Sachs told the court he claims were without merit. Goldman Sachs told the court the claims were without merit.
Dismissing the LIA allegations, the judge ruled there had been no undue influence from Goldman.Dismissing the LIA allegations, the judge ruled there had been no undue influence from Goldman.
The LIA accused Goldman Sachs of encouraging it to make complex, money-losing investments with its $67bn national investment fund, set up by Col Muammar Gaddafi in 2006 to invest the country's oil wealth.The LIA accused Goldman Sachs of encouraging it to make complex, money-losing investments with its $67bn national investment fund, set up by Col Muammar Gaddafi in 2006 to invest the country's oil wealth.
The nine equity derivatives expired worthless.The nine equity derivatives expired worthless.
The bank denied all the claims, saying it was a case of "buyer's remorse".The bank denied all the claims, saying it was a case of "buyer's remorse".
Goldman Sachs on Friday welcomed what it described as "a comprehensive judgment in our favour".Goldman Sachs on Friday welcomed what it described as "a comprehensive judgment in our favour".
But the LIA said it would continue to fight to "return Libya's wealth to the people of Libya".But the LIA said it would continue to fight to "return Libya's wealth to the people of Libya".