FTI Consulting has paid €90K (about $120K) in damages and additional legal costs to settle a lawsuit brought by Israeli mining billionaire and former FTI client Beny Steinmetz, who accused FTI's European chairman of passing confidential info about Steinmetz to rival George Soros.

FTI and Mark Malloch-Brown, a former United Nations official who chairs Europe, the Middle East and Africa for the firm, admitted no fault and said the claims brought by Stenmetz and his company, BSG Resources, were "baseless and without merit."

In a statement via its London PR firm, Powerscourt Group, BSG said FTI and Malloch-Brown "have conceded defeat," adding that the payment from FTI will be donated to charities and "good causes" working in Guinea, where the dispute was centered.

BSG has locked horns with the government of Guinea over mining rights to a mountain containing iron ore after the country began reviewing pacts with mining companies, including BSG, signed under former dictator Lansana Conte, who died in 2008, according to the Wall Street Journal.

BSG, which said FTI terminated its contract with the company after three years in 2012, alleged a conflict of interest in its suit, holding that Malloch-Brown, a former vice chairman for Soros' investment funds, communicated confidential info about the company to Soros, who then funneled the info to groups opposed to BSG's Guinea mining.

The mining company said documents obtained under the U.K.'s Data Protection Act showed Malloch-Brown corresponded with "people in Soros' offices" about BSG and its interests.

Meanwhile, U.S. authorities are investigating whether BSG paid Guinean officials as much as $12M in bribes to get the mining rights, according to Bloomberg. The Guinean government, which is being advised by Soros, is threatening to revoke BSG's license.

Soros paid for a DLA Piper investigation that uncovered the bribery allegations as a way to offset the influence of mining companies and support a young democratic government, Bloomberg reported.