April 16 (Reuters) - A Boston investment management firm must pay $48.5 million in damages to a couple who were advised to invest in a Polish tobacco company that an arbitrator deemed "grossly unsuitable."
Family Endowment Partners LP and its head, Lee Weiss, steered the couple, James and Jane Sutow, to a $9 million investment in Biosyntec Polska, according to an American Arbitration Association ruling on Tuesday. The Polish company planned to "revolutionize the tobacco business" with a purported filt...
00:06 Business manager for Alanis Morissette, other celebrities admits to stealing more than $6.5M from his clients15
23:37 Here’s Why Netflix’s Share Price Just Hit a New All-Time High3
21:52 Netflix nears 94 million subscribers 10 years after streaming launch17
11:20 PE firm Warburg buys $121 million stake in Indian cinema operator PVR13