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Stock impact report

Billionaire Ron Burkle accuses his political power-broker protégé of multimillion-dollar fraud [Yahoo! Finance]

Elevance Health, Inc. (ELV) 
Company Research Source: Yahoo! Finance
partner and former friend Darius Anderson, who is also suing him. (Michael Kovac / Getty Images for Elton John AIDS Foundation) Billionaire Ronald Burkle is suing political power-broker Darius Anderson, accusing his former protégé and friend of cheating him out of millions of dollars. Burkle alleges that Anderson used the billionaire's network and a seed investment to build a powerful lobbying firm — only to later divert Burkle's share of the profits to himself. The legal feud marks a dramatic falling-out between Anderson and his longtime mentor Burkle, who was the best man at Anderson's wedding. Anderson has responded with a lawsuit of his own seeking to dissolve the lobbying firm on account of Burkle's "greed, mercurial behavior, and public reporting of relationships held by Mr. Burkle with certain individuals," according to a complaint filed by Anderson's company DWA Enterprises. Anderson's legal counsel referenced media reports on Burkle's connections to Jeffrey Epstein an Show less Read more
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