Sothebys Forked Out $20 Million In Legal Battle Against Dan Loeb – ValueWalk Premium
Sothebys

Sothebys Forked Out $20 Million In Legal Battle Against Dan Loeb

Sothebys (NYSE:BID) disclosed in its earnings call Monday that it had spent $20 million in its legal battle with Dan Loeb, with half going towards reimbursing Loeb for his legal bills. Back in May, the auction company pegged the legal cost at $15.7 million.
Nearly 50% of Sothebys nine months net income
Sothebys (NYSE:BID) unveiled its third-quarter results

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