Kukla's Korner Hockey
by Paul on 08/31/09 at 10:13 AM ET
from M.L. Elrick of the Detroit Free Press,
Sergei Fedorov has won his lawsuit against a Grosse Pointe Shores man he said he entrusted to invest $43 million for him over the past decade.
Fedorov sued Joe Zada last month in Wayne County Circuit Court, seeking the $60 million Zada agreed to pay him earlier this year to settle their financial dealings.
Zada previously told the Free Press—which first reported the story—that Fedorov loaned him the money. He said he valued his friendship with Fedorov but was presently unable to meet his obligation to the former Red Wings star.
Zada said he hoped to pay Fedorov the $60 million and repair their relationship.
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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
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