Deutsche Bank Hits Billionaire Forex Investor With $300 Million Lawsuit
Posted: Thu Apr 21, 2016 7:49 am
Billionaire investor Alexander Vik was served a fresh lawsuit yesterday after recently being let off the hook by a New York judge on 9 March. Last month the court ruled that Deutsche Bank AG hadn’t properly served him a suit over a $300 million U.K. judgment over his debts arising from bets on foreign exchange markets.
In the court hearing last month, the judge dismissed a suit filed by Deutsche Bank against Vik, his wife and his fund, Sebastian Holdings, after the New York residence Deutsche Bank delivered the court papers to was found not to be the family’s usual place of residence.
Vik ... (read more)