Basis Capital sues Goldman over Timberwolf CDO

Friday, June 11, 2010

Defunct Australian hedge fund Basis Capital has filed a lawsuit against Goldman Sachs this week over its purchase of part of the Timberwolf CDO

TAGS: Law suits

Comment by: Anonymous. Posted 13 years ago [2010-06-14 22:41:43]

On Mon 14th June Australia's ABC TV channel aired a 1hr investigative piece on their FOUR CORNERS show around these developments...video can be found at http://www.abc.net.au/4corners/content/2010/s2923968.htm

Comment by: Anonymous. Posted 13 years ago [2010-06-12 16:55:17]

The Congressional hearings targeting Goldman have essentially become free discovery for investors looking to sue over their losses. The emails from Goldman bankers will ensure more suits to come. To paraphrase Chairman Mao, "May a thousand lawsuits blossom."

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