Soros loses two crucial multi-million dollar legal battles

clock

George Soros lost out on two legal bids this week, which are set to cost the billionaire investor millions.

According to Fox Nation, Soros, along with Indian corporate magnate Purnendu Chatterjee, lost a bid to have a $39.4m law suit dismissed on Tuesday. The case was settled at a Manhattan civil court in the US. According to Courthouse News Service, Soros and Chatterjee lost their bid to have the combined cases against them dismissed due to their claims being "implausible and speculative". The pair were sued by the backers of a North Carolina-based cargo airline in late 2003 who claimed the two men engaged in an elaborate shell game intended to defraud them. The 81-year old investor, wh...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

UK retail sales fall 3.3% in November in 'bad start to festive season'

UK retail sales fall 3.3% in November in 'bad start to festive season'

Below three- and 12-month averages

Cristian Angeloni
clock 03 December 2024 • 2 min read
Eurozone inflation climbs above ECB's target to 2.3% in November

Eurozone inflation climbs above ECB's target to 2.3% in November

Analysts urge further rate cuts

Linus Uhlig
clock 29 November 2024 • 1 min read
UK public sector borrowing jumps £1.6bn as Treasury reiterates repair pledge

UK public sector borrowing jumps £1.6bn as Treasury reiterates repair pledge

October's public sector finance stats

Eve Maddock-Jones
clock 21 November 2024 • 2 min read
Trustpilot