After years of legal battle, Israel-based diamond tycoon Lev Leviev has won a $209 million judgment against his former business partners, the Julius Klein Group”, according to a report in the New York Post quoted by IDEX Online.
The Julius Klein Group to pay $142 million to Leviev’s LGC USA Holdings. Another $66 million have already been paid.
Lawyer Charles Michael, who represented Leviev in the case, said: “The Leviev Group will take all steps available, including seizing corporate and individual assets, to collect this judgment after the lengthy legal procedures now have resulted in this final ruling”. Alan Levine, the lawyer for Julius Klein Group, said he plans to appeal the ruling.
