Steel Mogul Fights $48M Payment As Brazil Iron Trial Opens

By Rachel Scharf (September 18, 2023, 6:02 PM EDT) -- A more-than-decade-old dispute over the enforcement of Brazilian iron producers' $48 million arbitral award went to trial in federal court in Manhattan on Monday, with a successful steel investor's counsel telling jurors he can't be held liable for the contracts of a failed portfolio company....

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