February 21, 2024
A New York federal judge rebuffed attorneys' attempt to collect a nearly $5.2 million fee for representing an affiliate of two billionaire brothers that accused an investment adviser of fraudulently inducing the affiliate to provide a loan for a Russian poultry operation, saying the adviser wasn't improperly defending himself.
May 24, 2023
A New York federal court has ordered an investment adviser to pay the remaining balance of a $25 million loan back to an affiliate of British billionaire brothers David and Simon Reuben, finding the adviser knowingly misdirected funds intended as a loan for a Russian agricultural project.