Goldman Sued Over CDO Losses

31 Oct 2011

Australia’s Basis Yield Alpha Fund has filed suit against Goldman Sachs over losses it suffered from its investment in Timberworld 2007-1, the collateralized debt obligation sold by the investment bank.

Australia’s Basis Yield Alpha Fund has filed suit against Goldman Sachs over losses it suffered from its investment in Timberworld 2007-1, the collateralized debt obligation sold by the investment bank. The lawsuit filed in New York charges fraud, breach of contracts and negligence and seeks to recover USD67 ...

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