Goldman Seeks to Halt Singapore Tycoon Yen-Real Lawsuit
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A Goldman Sachs Group Inc. unit asked a court to halt Singapore tycoon Oei Hong Leong’s lawsuit over losses after he was allegedly misled into making leveraged trades that the yen would fall against the Brazilian real.
Goldman Sachs International said in a Nov. 6 filing with the Singapore High Court that proceedings should be suspended in favor of private and confidential arbitration. Court papers detailing reasons aren’t publicly accessible. A closed hearing is scheduled for tomorrow.