(Bloomberg) -- Sebastian Holdings Inc., the investment fund run by Norwegian businessman Alexander Vik, lost a lawsuit against Deutsche Bank AG claiming the lender’s 2008 margin calls cost him as much as $8 billion.

Judge Jeremy Cooke said in a ruling today that Sebastian Holdings didn’t have any valid claims and should pay the bank about $236 million. The dispute stems from losses suffered by Vik’s fund at the height of the global financial crisis.

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