Steinmetz Cites 5th Amendment To Avoid Deposition, For Now – Law360

Law360 (August 27, 2021, 7:59 PM EDT) -- Israeli billionaire Beny Steinmetz cited his Fifth Amendment right to avoid self-incrimination while urging a New York federal judge topostpone a depositionin a $10 billion lawsuit againstbillionaire investorGeorge Soros over a failed Guinean mining project.

Steinmetz secured and lost an iron mining agreement with Guinea and claims Soros sabotaged the contract. Both sides have previously alleged during the course of this suit that their opponent was trying to avoid taking responsibility for the revoked arrangement.

Steinmetz said in a Thursday letter to U.S. Magistrate Judge Ona T. Wang that his Swiss counsel advised that he should not be deposed due to...

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Steinmetz Cites 5th Amendment To Avoid Deposition, For Now - Law360