N.Y. court dismisses claims over Saudi billionaire's alleged fraud
 

09-04-14 02:32 AM

ALBANY, N.Y., April 8 (Reuters) - New York (Frankfurt: HX6.F - news) 's highest state court has ruled that a lawsuit by the Algosaibi family conglomerate, claiming that a Saudi billionaire who married into the family committed a $150 million fraud, should be heard in Saudi Arabia. In the lawsuit, Ahmed Hamad al Gosaibi & Brothers Co claimed that Maan al-Sanea, the billionaire head of the Saad ...

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