Fairfax Financial Holdings Ltd., with seven of eight hedge funds it accused of spreading false rumors out of a lawsuit, may see the $24 billion case shrink again. A judge is poised to rule whether racketeering counts allowing triple damages should be tossed, Bloomberg News’s Thom Weidlich reports.
Mukhtar Ablyazov, the ex-BTA Bank chairman who went into hiding last month after being sentenced to 22 months in jail, must turn himself in or risk losing his right to defend a $5 billion fraud lawsuit, a U.K. judge ruled.
Mukhtar Ablyazov, the ex-chairman of BTA Bank, hasn’t been found by authorities and may be on the run after failing to attend a U.K. hearing where he was sentenced to 22 months in jail, a person familiar with the case said.
Mukhtar Ablyazov, the former chairman of Kazakhstan’s BTA Bank, was sentenced to 22 months in a U.K. jail for breaching a court-ordered freeze on his assets and lying under oath in a $5 billion fraud lawsuit.
BTA Bank, the Kazakh lender that defaulted on $12 billion of debt before restructuring last year, asked a U.K. judge to jail its former chairman, Mukhtar Ablyazov, for contempt of court in a fraud lawsuit.
Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein and six others may be questioned under oath by lawyers for the Securities and Exchange Commission and Rajat Gupta, who was charged with insider trading as part of the Galleon Group LLC investigation.