"Both FTI Consulting and Lord Malloch-Brown have always vigorously denied the claims brought against them in their entirety," FTI said. BSG alleged that FTI Consulting failed to disclose Mr. Malloch-Brown's relationship with Mr. Soros, which BSG said was a conflict of interest, when Mr. Malloch-Brown joined FTI in 2010. FTI Consulting and BSG Resources terminated their business relationship toward the end of last year. BSG Resources acquired its license to develop Guinea's massive Simandou iron-ore deposit from Mr. Conte, shortly before he passed away. BSG Resources subsequently sold a 51% stake in the project to Brazilian iron-ore mining company Vale SA (VALE, VALE3.BR, VALE5.BR).

Source: Wall Street Journal June 15, 2024 00:37 UTC