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Some bad news just got better for billionaire Eike Batista.
A second judge has overruled a Rio judge who suspended proposed 35-year control of Rio's famous giant and newly outfitted Maracana stadium by a consortium led by Batista's company...IMX.
She had declared bidding irregularities.
The 2nd judge ruled that a suspension would cause Brasil harm.
Brasilia has spent $500 million to retrofit Maracana for the 2014 World Cup and 2016 Olympics.
Batista has lost over $24 billion of paper wealth in the past year...because of poor performance in his company's crucial energy area.
http://www.bbc.co.uk/news/world-latin-america-22519502
http://thehypervigilantobserver.blogspot.com/2013/04/brasil-media-says-batistas-ogxis.html
