Article

2009-01-10 -Lurid Crime Tales-

Lawsuit against Biden's son, brother settled

A lawsuit that accused Vice President-elect Joe Biden's youngest son and brother of cheating a business partner out of money has been settled, an attorney said Friday.

A stipulation of settlement in the case against Hunter Biden, a former Washington lobbyist and son of Delaware's senior senator, and James Biden, the senator's brother, was filed late last month in New York state court.

Nicholas Gravante Jr., an attorney for the Bidens, said Friday that the settlement terms are confidential. In their response to the complaint, the Bidens denied any wrongdoing.

The lawsuit was over an effort led by the Bidens to take control of hedge funds run by the Paradigm Companies. A partner in the deal, Anthony Lotito Jr., claimed that the Bidens negotiated their own deal behind his back and cheated him out of money.

James Biden had past financial dealings with Lotito, the lawsuit said.

Posted by Fred 2009-01-10 00:00|| || Front Page|| [11132 views ] Top

#1 Nuthin to see here, move it along...

Posted by tu3031 2009-01-10 14:24|| 2009-01-10 14:24|| Front Page Top

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