Pursuits
Deutsche Bank Wins Right to Cross Examine 'Billionaire' Vik
- Deutsche Bank seeking $250 million after failed lawsuit
- Norwegian Vik must appear at London court on Dec. 11
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Deutsche Bank AG won a ruling forcing Norwegian entrepreneur Alexander Vik to tell a U.K. judge why he hasn’t paid the German lender a $250 million debt stemming from a failed lawsuit.
Judge Jeremy Cooke ordered Vik to appear at the London court on Dec. 11 to answer questions about whether he has lied, hidden assets and transferred his trading company to a friend to escape the debt since losing a lawsuit two years ago, where he was seeking $8 billion over trading losses.