Goldman Sachs Seeks To Toss Basis' $1.6B Suit
By Erin Coe ( September 3, 2010, 5:01 PM EDT) -- Goldman Sachs Group Inc. has argued that Basis Yield Alpha Fund can't bring its $1.6 billion suit in the U.S. alleging Goldman's sale of subprime mortgage-backed securities drove the Australian hedge fund into insolvency because the transaction occurred in Australia....
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