Reuters scoops on Goldman's latest lawsuit

Reuters reported exclusively on June 8 that Goldman Sachs was on the verge of being sued by Australia’s defunct Basis Yield Alpha Fund, which lost tens of millions of dollars investing in the infamous Timberwolf CDO. The story said the suit could be filed as early as the next day — and it was. The fund’s managers claimed Goldmans sales and trading desk misled them. The story showed how Goldmans troubles with the U.S. Securities and Exchange Commission are beginning to expose it to lawsuits from private investors. The Reuters report was cited by the New York Times Dealbook, the Wall Street Journal/Dow Jones, and the FT Alphaville blog.