Libya Claims Damages from Goldman Sachs

The video discusses a legal case where the Libyan Investment Authority (LIA) accuses Goldman Sachs of advising it to engage in risky trades, resulting in a $1.2 billion loss. The case highlights the alleged unethical practices by Goldman Sachs, including offering lavish hospitality to influence LIA's decisions. Goldman Sachs defends itself by claiming the LIA was a victim of the credit crisis, not of any wrongdoing by the bank. The trial is expected to last seven weeks, with testimonies from both sides.

What defense does Goldman Sachs provide regarding the accusations made against it?

What is the expected duration of the trial mentioned in the text?