Billionaire Beny Steinmetz to Pay $14 Million in Damages Over Scrapped Gas Deal

Steinmetz to compensate geologist Yossi Langotsky for pulling out of energy deal that would have earned them billions of dollars.

The billionaire investor Beny Steinmetz must pay geologist Yossi Langotsky 50 million shekels ($14.4 million) in damages for pulling out of an energy deal that would have earned them billions of dollars, a Tel Aviv District Court ruled Monday.