Rothschild Loses Libel Suit In 'Puppet-Master' Regulatory Scandal
A London judge has ruled against a billionaire member of the Rothschild banking family who sought huge damages because a newspaper reported he was the "puppet-master" of a leading European Union (EU) leader. Reports of their relationship created a scandal in the UK by illustrating the tight ties between globe-trotting billionaires and the regulator. In a ruling of global importance to preserve the slender media scrutiny of the powerful that exists today, the judge rejected Nathaniel "Nat" Rothschild’s $1.5 million pound lawsuit. Rochschild claimed the Daily Mail libeled him by reporting on his 2005 trip to Russia with two rich business partners and then-EU Trade Minister Peter Mandelson.