Nov 1, 2011
Downed Once by Morrison, Australian Hedge Fund Now Sues Goldman for $1 Billion in New York State Court
Goldman Sachs has been sued in New York state court on behalf of an Australian hedge fund that alleges Goldman misled it into investing more than $67 million in collateralized debt obligations it knew were faulty, including one that a Goldman higher-up famously called “a sack of shit” in an internal email.