Top Gilt funds are getting new owners

One of the biggest names in gold has gone private.Top gold fund Gilt, which owns gold-backed assets including gold coins and gold certificates, is now owned by private equity firm Gilt Capital Partners.The new owners, which include New York investment bank Goldman Sachs and hedge fund Elliott Management, have agreed to buy Gilt for $1.7 …

How to avoid a lawsuit from the gilt club

Gilt Inc., a company with a reputation for high-end eyewear, will not be sued for allegedly ripping off sunglasses makers for their designs, the company said in a filing Friday with the U.S. District Court for the Northern District of California.In the complaint filed against the company, filed by two women who allege they were …