Russian billionaire Viktor Vekselberg won a legal battle with South African mining tycoon Brian Gilbertson over ownership of the Faberge Egg Company. The victory, however, is partial, and includes no compensation award. Vekselberg, whose private collection is worth more than $100 million, accused Gilbertson of ousting him from the deal to acquire the maker of lavish Imperial Easter Eggs from Unilever in 2007. A court in the Cayman Islands ruled that Gilbertson violated his fiduciary duties by seizing Faberge for himself, but the judge didn’t award Vekselberg compensation, saying that Faberge has not been profitable since Gilbertson acquired it. In fact, since taking over Faberge 2004, Gilbertson and his partners have invested $140 million but have yet to make a profit . According to the Cayman court, Vekselberg thus suffered no damages due to his inability to acquire the company.
http://rt.com/business/news/faberge-vekselberg-trial-victory-663/
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