{"id":17402,"date":"2010-08-25T07:29:33","date_gmt":"2010-08-25T11:29:33","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=17402"},"modified":"2010-08-25T07:29:33","modified_gmt":"2010-08-25T11:29:33","slug":"basis-capital-urges-new-york-judge-to-allow-lawsuit-against-goldman-sachs","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2010\/basis-capital-urges-new-york-judge-to-allow-lawsuit-against-goldman-sachs.html","title":{"rendered":"Basis Capital Urges New York Judge to Allow Lawsuit Against Goldman Sachs"},"content":{"rendered":"<p>Bloomberg &#8211; Basis Capital, an Australian hedge fund, urged a New York judge to allow its $1 billion lawsuit over the marketing of credit default swaps\u00a0by Goldman Sachs Group Inc. to proceed, calling Goldman\u2019s request for a dismissal a \u201cdistraction.\u201d<\/p>\n<p>The lawsuit by Basis Capital\u2019s Basis Yield Alpha Fund focuses on Goldman Sachs\u2019s sale of the \u201cTimberwolf\u201d collateralized debt obligation. The complaint, filed June 9 in Manhattan federal court, says the fund was forced into insolvency after buying mortgage-linked securities created by Goldman Sachs, in what one of its own executives described internally as a \u201cshi**y deal.\u201d<\/p>\n<p><strong><a href=\"http:\/\/www.bloomberg.com\/news\/2010-08-25\/basis-capital-urges-new-york-judge-to-allow-lawsuit-against-goldman-sachs.html\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Basis Capital, an Australian hedge fund, urged a New York judge to allow its $1 billion lawsuit over the marketing of credit default swaps\u00a0by Goldman Sachs Group Inc. to proceed, calling Goldman\u2019s request for a dismissal a \u201cdistraction.\u201d [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-17402","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=17402"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17402\/revisions"}],"predecessor-version":[{"id":17404,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17402\/revisions\/17404"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=17402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=17402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=17402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}