Goldman to face Libya's sovereign wealth fund in court over trades

``Goldman Sachs (GS.N) and Libya's sovereign wealth fund are set to meet in a London court over claims the Wall Street bank exploited a position of trust by encouraging the fund to invest more than $1 billion in trades that ended up worthless... The fund, which became a Goldman client in 2007, alleges that the bank deliberately exploited the relationship of trust and confidence it had established with LIA staff, causing the fund to enter into the disputed trades.'' -- Goldman's settlement overtures have been rebuffed; caretaker regime in Libya being approximately as compliant as the one in Iraq?