Judge throws out $87m Yieldstreet claim in fight over Lakhani ship recycling finance

US court dismissed fraud lawsuit by crowdfunder Yieldstreet against Four Wood Capital in a disastrous venture into ship-recycling finance

The Thurgood Marshall United States Courthouse is the main site of the US District Court for the Southern District of New York. It is one of the busiest US federal courts for maritime cases. — The Thurgood Marshall United States Courthouse is the main site of the US District Court for the Southern District of New York. It is one of the busiest US federal courts for maritime cases.Photo: TJ Bickerton/CC BY-SA 4.0

Bob Rust

Oslo

Published 31 March 2023, 16:46Updated 21 April 2023, 13:20

YieldStreet Four Wood Capital Partners Michael Weisz Steven Baffico Andrew Simmons