Defending a Colossal Flop, in His Own Way.

Focuses on Theodore J. Forstmann, who is being sued over failed investments. Forstmann's appearance in a Connecticut court to explain how he lost two billion dollars of his investors' money gambling on telecommunications companies, XO Communications and McLeodUSA; Implications of the case for Forstmann's business and other private equity firms; Details of the lawsuit against Forstmann Little & Company, which is accused of losing the state's pension fund money; Views of lawyers; Observation that the case will be decided by a jury, not a judge; Background on Forstmann; Overview of Forstmann's testimony; Forstmann's investment approach.