MEDIA

Maxwell’s Son Must Pay $793-Million Penalty: England’s High Court ordered Kevin Maxwell, youngest son of the late media tycoon Robert Maxwell, to pay $793 million for his alleged role in the removal of shares from Maxwell pension funds. In a summary judgment, the court said Maxwell failed to perform his fiduciary duties as a director of Bishopsgate Investment Management Ltd. by “procuring, effecting and consenting” to the movement of several blocks of shares from Maxwell pension funds run by Bishopsgate.