V.P.-Elect’s Son, Brother Settle Hedge Fund Lawsuit

The son and brother of Vice President-elect Joe Biden have settled a lawsuit accusing them of defrauding a business partner in a hedge fund deal.

R. Hunter Biden, the son of the longtime Delaware senator, and James Biden, his brother, have apparently struck a deal with Anthony Lotito, who said the pair lied to him to convince him to accept a buyout from their partnership. At the time, the trio was negotiating to buy Paradigm Cos., a New York-based fund of hedge funds.