American billionaire John Paul DeJoria has led a long court battle against a Moroccan company after a failed oil project he promised to launch in the Kingdom. Lobbying to change a Texas law, he escaped a $123-million Moroccan settlement.
An American court of appeal ruled in favor of liquor tycoon John Paul DeJoria, preventing him from paying a $123-million Moroccan settlement. The decision comes after a long battle that involved the businessman, a Moroccan firm and a failed oil project.