Pair Linked to Collapsed Firm Invexstar Sued for £100 Million

The pair behind a London brokerage that collapsed, leaving banks with millions of dollars of losses, are facing a £100 million ($125 million) lawsuit.

Alberto Statti and Caterina De’Medici are facing a legal claim from the liquidators of Invexstar Capital Management, according to a UK legal filing. The firm went bust in May 2015 having built up trading positions with a notional value of more than £1.25 billion.

Statti declined to comment. De’Medici couldn’t be reached for comment including at the contact address listed in UK company filings. They have both denied the allegations in a defence document.

Banks including ...