Chris Rokos Settles With Deloitte Over £40m Tax Bill: FT

Hedge fund manager Chris Rokos has settled with Deloitte over claims he received bad advice on a failed investment and had to pay a £40m tax bill, Financial Times reports, citing legal records from London’s High Court.

• Rokos had sued Deloitte alleging the firm breached its duties when it advised him on an investment 14 years ago in the UK
• Legal records show the court in June approved a so-called Tomlin order, which is used for dispute settlement
  • Terms of the settlement were not disclosed
• Case had been expected to go to trial in June, FT says, citing two unidentified ...