Billionaire John Paulson lost his bid to dismiss the claims in a lawsuit filed by his ex-business partner over a $17 million investment into F40, Paulson's Puerto Rico-based luxury car dealership company.
Billionaire John Paulson sued his former business partner for allegedly siphoning off $3.4 million from Paulson's hedge fund to finance his lavish lifestyle.
REUTERS/Mike SegarBillionaire John Paulson, who is already locked in a bitter divorce fight with his estranged wife, has a new legal fight on his hands: He’s suing a former business partner for allegedly defrauding him out of almost $200 million.Paulson is a hedge fund manager famous for shorting the housing market in 2007. More recently, he’s been a fixture in the gossip pages for his ugly breakup with his wife and his romance with a much younger dietician.In a federal complaint, Paulson claims