Dan Loeb’s somewhat rocky investment in auction house Sotheby’s International is coming to an end — and just in time to avoid a lawsuit by a Russian billionaire art collector accusing Sotheby’s of enabling a $1 billion fraud against the collector.
On Tuesday, a New York federal judge said he would allow the lawsuit by Dmitry Rybolovlev, the Russian billionaire who has been engaged in several legal actions against his art advisor, Yves Bouvier, whom Rybolovlev alleges masterminded a fraud involving the sales of 38 masterpieces worth $1...
