Word: forums
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...Forum and Keffer request punitive and compensatory damages against Shleifer, Hay and Harvard, which they say has “vicarious liability” and was negligent in the oversight of its employees...
Compensatory damages, the suit says, should equal the lost profits and value of the Russian fund, as well as “the financial benefit [Forum] would have received from an increase in their international business...
Lawyers for Shleifer, Hay and Forum could not be reached for comment...
...Forum case is in many ways a sideshow to the U.S. government’s suit—which alleges breach of contract and violations of the False Claims Act. In addition to the prominent plaintiff, the government’s suit also seeks the bigger prize— $102 million in damages...
...settlement in the Forum case would not impact the government’s case—which is proceeding toward trial...