Top economist to sue Portuguese State over 'grossly incompetent investigation'

Peter Boone, the economist accused of profiting from a sharp rise in bond interest rates after writing a corrusticating 2010 blog in the New York Times, is to sue the Portuguese State for “trying to silence its critics.”

“Dr. Boone is now preparing to sue the Portuguese State for a grossly incompetent and negligent investigation conducted by the Securities Market Commission (CMVM) and the Public Prosecutor’s Office,” reads part of a statement from Boone’s legal team.

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Top economist to sue Portuguese State over ‘grossly incompetent investigation’