Bloomberg – Goldman Sachs Group Inc. (GS) asked a New York state court judge to order arbitration in a lawsuit against the investment bank by Basis Yield Alpha Fund or dismiss the complaint.
Basis Yield Alpha Fund, a unit of Australian hedge fund Basis Capital Funds Management Ltd., sued Goldman Sachs in New York State Supreme Court in October, accusing the bank of making false and misleading statements and omissions in connection with the sale of securities known as Timberwolf and Point Pleasant.
