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...
11:35 In Versace, Michelle Obama Sends a Powerful Message at Her Final State Dinner
11:26 Canadian fund Caisse buys $155 million stake in Indian logistics firm1
17:06 Harley-Davidson says laid off temp workers last quarter
12:45 Oasis Petroleum offers stock to raise funds for Bakken purchase