Seguros Caracas De Liberty Mutual, S.A. v. Goldman, Sachs & Co.
District Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM AND ORDER
YOUNG, District Judge.
In 2001, Seguros Caracas de Liberty Mutual, S.A. (“Liberty Mutual”) placed a series of orders for Venezuelan bonds with Goldman, Sachs & Co. (“Goldman”). At that time, the bonds traded along with attached Venezuelan Oil Obligation Securities (“VOOs”). When Liberty Mutual placed the orders, VOOs were hard to obtain. Goldman had significant difficulty delivering the VOOs and ultimately was able to deliver the VOOs for only two of the twelve orders that Liberty Mutual placed. Goldman concedes that it breached the contracts to deliver VOOs. The parties…
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