By Alex Davis ( February 17, 2017, 6:39 PM GMT) -- A European unit of Daiwa Securities Group Inc. was ordered to pay $153 million to a defunct investment firm owned by Saudi billionaire Maan Al Sanea, after London's High Court found Daiwa negligently breached its duty of care in handing over more than $200 million in company funds to Al Sanea with scant regard for its purpose....
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