| Two sides in power struggle for control of Libyan Investment Authority agree to appoint lawyers to take cases against Goldman and Societe Generale foward. Libya's rival factions have put aside their differences to protect the country’s billion-dollar lawsuits against Goldman Sachs (NYSE: GS-PB - news) and Societe Generale.
The Libyan Investment Authority, the country’s $67bn sovereign wealth fund, will on Friday apply to grant independent lawyers the authority to take forward London High Court fraud cases against the banks. The move is designed to safeguard proceedings against Goldman and SocGen, in the face of a power struggle between two sides who claim control of the LIA...............................................Full Article: Source
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