Former Scuderia Ferrari F1 manager loses €50m court claim

Former manager of the Scuderia Ferrari F1 team Luca Cordero di Montezemolo has lost a €50m claim against wealth manager XY UK. The Montezemolo family alleged that XY UK and its owner Daniele Migani had provided “seriously flawed” financial advice to their affiliate companies between 2016 and 2020. But Mr Justice Jacobs refuted the claims [...]