Failed Broker’s Founders Settle $125 Million Claim for $541,000

The founders of a failed London brokerage, which saddled some of the world’s largest banks with tens of millions of dollars of trading losses when it collapsed, have settled a $125 million lawsuit for pennies on the dollar.

Alberto Statti and Caterina De’Medici — who set up Invexstar Capital Management — agreed to pay the firm’s liquidators €500,000 ($541,000) to settle a legal claim against them after “protracted correspondence,” according to a UK corporate filing. The pair have paid €350,000 so far and “discussions” are ongoing about the rest, the filing shows.

At the time of its collapse eight years ...