LIA Recovers $127 Million from Lehman and Cornhill Capital
Reuters reports that the Libyan Investment Authority (LIA) has successfully recovered $127 million from Lehman Brothers and Cornhill Capital.
Libya’s $67 billion (£51.6 billion) sovereign wealth fund has recovered $73 million from the bankrupt Lehman Brothers and $53.8 million from Cornhill Capital after lengthy legal battles, the fund said in a statement.
The Libyan Investment Authority (LIA) is involved in a number of disputes with Western firms, not least its $3.3 billion claims against investment banks Goldman Sachs and Societe Generale, which are being pursued in London courts.
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