BSG Mining Billionaire Can't Trim $1.85B Fraud Lawsuit
Law360, London (December 18, 2020, 5:43 PM GMT) -- Two companies tied to an Israeli billionaire failed to beat back a former business partners' $1.85 billion fraud lawsuit after a London judge refused Friday to pare down allegations related to a failed joint venture agreement in Africa.
High Court Judge Andrew Baker rejected an application for summary judgment filed by Nysco Management Corp. and its subsidiary, Balda Foundation, seeking to trim claims filed by Brazilian mining company Vale SA over a mining project in Guinea.
Arbitrators in London have already awarded Vale and a subsidiary $2.2 billion, and Judge Baker ruled Friday that nothing in their award or an underlying...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!