Rothschild Loses Daily Mail Libel Suit and Must Pay $75,600

Nathaniel Rothschild lost a ruling in his effort to sue the U.K.’s Daily Mail newspaper over an article describing a 2005 meeting he had with politician Peter Mandelson and billionaire Oleg Deripaska.

Rothschild, the 41-year-old co-founder of resources company Bumi Plc and scion of a centuries-old banking dynasty, was ordered to pay 50,000 pounds ($75,600) in costs by the three-judge panel in the U.K. Court of Appeal today, which upheld a prior ruling dismissing his libel suit.