Steinmetz Sues PR Firm, Lord Over Conflict Of Interest

BSGR and Steinmetz claim that Lord Malloch-Brown, chairman of FTI for Europe, Middle East and Africa (“EMEA”), has a close relationship with NGOs engaged in a smear campaign against BSGR. They also claim that Malloch-Brown has helped fund these NGOs.

Malloch-Brown also allegedly provided Soros, NGOs funded by Soros and journalists with information confidential to BSGR and FTI. The case also claims that while FTI served as BSGR’s PR firm, Malloch-Brown "was disseminating completely untrue, defamatory and highly prejudicial allegations regarding BSGR, despite the fact that he and FTI were bound to act in BSGR’s best interests."

The lawsuit revolves around BSGR’s activities in Guinea, where the company has iron ore, bauxite and uranium activities, including the discovery of the Zogota iron ore deposit.

The lawsuit also claims that FTI terminated its agreement with BSGR under pressure from Soros.