Deutsche Bank Sues To Collect $300M Judgment From Investor

Law360, Los Angeles (December 6, 2013, 10:03 PM EST) -- Deutsche Bank AG sued billionaire investor Alexander Vik in New York court on Thursday, to force him to make good on his obligation to pay a $300 million judgment a London court awarded the bank last month over unpaid margin calls made in violation of several verbal contracts. 

Deutsche claimed that Vik's fund, Sebastian Holdings Inc., has defaulted on its obligation to pay the judgment handed down by Judge Jeremy Cooke of the High Court of Justice in London. The New York lawsuit seeks to hold Vik, Sebastian...
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