Law360, London (June 29, 2020, 4:24 PM BST) — A group of investment companies have reached a settlement in their $159 million lawsuit accusing a Russian businessman living in England of cheating them out of the profits from their investment in a new cryptocurrency.
Adrian Beltrami QC, sitting as a judge of the High Court, said in an order dated June 24 that the two sides had agreed to terms in a confidential settlement a day earlier, which meant the investors’ claims were dismissed.
The investment firms alleged in documents filed on Nov. 7 that Valeri Korotkov had conned them into investing $15 million in Gram, cryptocurrency tokens issued by a…
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