Societe Generale SA, France’s second-largest bank, was sued in the U.K. by the Libyan Investment Authority, after the sovereign-wealth fund sued Goldman Sachs Group Inc. in January over derivatives trades.
A London judge may order Guardian Digital Communications Ltd.’s lenders as soon as today to vote to extend 1.73 billion pounds ($2.89 billion) of loans used to buy the U.K.’s emergency services communications network.
Formula One Chief Executive Officer Bernie Ecclestone’s legal problems mounted as a U.K. judge said he made a “corrupt” payment to facilitate the sale of the racing series and called him neither “reliable or truthful.”
Illinois’ plan for fixing its $100 billion public pension shortfall is unconstitutional, a union coalition said, suing to restore benefits lawmakers cut to narrow the worst U.S. state retirement-plan deficit.
Goldman Sachs Group Inc. made about $350 million on “worthless” derivatives trades after exerting “undue influence” on managers of the Libyan Investment Authority, according to the sovereign-wealth fund, the second- largest in Africa.
CME Group Inc., owner of the biggest futures market, and its Chicago Board of Trade unit were sued by shareholders who started with the exchange in the 1970s and claim operational changes to their trading rights have diluted the value of their memberships.