Chris Rokos and Deloitte have ended their legal battle over a £40m tax bill that the billionaire hedge fund manager blamed on bad advice from the Big Four firm by reaching a settlement, according to reports.
The Rokos Capital Management founder, whose net worth has been estimated at £2bn, filed a lawsuit three years ago alleging that Deloitte's advice on an investment in a Tyneside enterprise zone had breached its duties.
