Goldman Sachs was going to ask a British judge to throw out the Libyan Investment Authority’s lawsuit against it. But, on second thought, no: Give it your best shot, Libya. Lloyd’s boys are not afraid of you and your self-professed limited financial expertise.

The US investment bank has withdrawn its request for a summary judgment in the dispute lodged at the High Court, it confirmed on Tuesday. A summary judgment is when a matter is determined before trial, and Goldman’s withdrawal of its application removes one hurdle that the LIA would have had to overcome before getting a full hearing of the evidence in court.

Goldman withdraws attempt to stop $1bn Libya fund dispute [FT]

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  1. Posted by Jon sux | August 20, 2014 at 3:31 PM

    Funny. Folks at PIMCO are itching too

  2. Posted by Puck It | August 20, 2014 at 3:36 PM

    Nice hat. Ha ha.

    —Pope Francis

  3. Posted by UFO | August 20, 2014 at 5:29 PM

    When Gaddafi said he'd haunt them from the grave if someting went wrong….turnsout he wasn't kiddig