Bloomberg News reports that while Strauss-Kahn will try to put the Lille trial with its days of embarrassing testimony behind him, he and his lawyers must shift their focus to Luxembourg and the failure of a hedge fund that bore Strauss-Kahn’s name.
The state prosecutor there is reviewing complaints stemming from the collapse last November of Leyne Strauss-Kahn & Partners following the suicide of Thierry Leyne, who had co-founded the investment firm with Strauss-Kahn months earlier.
'The cases in Luxembourg will drag on for at least two years', said Lex Thielen, a Luxembourg lawyer who isn’t involved in the cases. 'All of this will continue to weigh on his reputation and on him financially'.
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