Friday, January 9, 2009 - 4:57pm
VP-Elect's son reaches settlement for fraud
| By Associated Press
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Attorneys have reached a settlement in a New York lawsuit accusing Vice President-elect Joe Biden's youngest son
and brother of fraud.
A stipulation of the settlement in the case against Hunter Biden and James Biden, both
of whom denied any wrongdoing, was filed late last month.
Nicholas Gravante Jr., an attorney for the Bidens, said Friday that terms of the
settlement are confidential.
The lawsuit involved an effort led by the Bidens to take control of hedge funds run
by the Paradigm Companies.
A partner in the deal, Anthony Lotito Jr., claimed that the Bidens negotiated their
own deal behind his back and cheated him out of money.
Lotito's attorney was not immediately available for comment Friday.
Copyright © Jul 29, 2010, WDEL/Delmarva Broadcasting Company. All Rights Reserved.
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The Associated Press contributed to this report.
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