Pacific Tribune

Gathering Art and Lifestyle News about Issues for the Pacific Basin
June 9th, 2010

Go for Pacific Rim, thanX Australia: Sue Goldman Sachs bigtime!

Take the leap to read the whole article in the American media.Timberwolf Lawsuit: Goldman Sachs Sued By Australian Hedge Fund Over ‘Sh–ty Deal’

In addition to generating some laughs and populist outrage during a contentious Senate hearing in April, Goldman Sachs’s infamous “shitty deal” is also turning into a major headache for the embattled firm.

Today, Goldman was sued for securities fraud by an Australian hedge fund, which claims that it was suckered into buying $81 million of toxic subprime mortgage securities, which led to the collapse of the fund, according to a lawsuit obtained by Huffington Post.

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