Word: suited
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Forum Financial Group, a Portland, Maine-based financial services firm, filed suit in October 2000, claiming that Professor of Economics Andrei N. Shleifer ’82 and former Harvard employee Jonathan Hay conspired to defraud Forum and its owner of the profits from their Russian capital market ventures...
...suit alleges that Hay and Shleifer used their influence to secure for Forum the rights to Russia’s first mutual fund, and then forced its owner, John Y. Keffer, to sell his interest in the fund...
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...
...suit does not quantify these damages...
...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...