2min chapter

The Market Huddle cover image

Undermoney (guest: Jay Newman)

The Market Huddle

CHAPTER

How I Got My First Lawsuit Successfully

After leaving morgan stanley, j newman went to eliot management. He was on buying sovereign debt for 22 years before suing the European Central Bank. Newman's first lawsuit won him a $1bn settlement in 1998 but he lost out when his investors found out about it and became afraid. His second suit brought an £800m judgement against Eurozone member state of Greece - which has since been struck off.

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