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lawsuit
Commodities
The worst not over for Noble as huge lawsuit hits
(Mar 23): Noble Group’s week of woe just got worse as the commodity trader, which has defaulted on its debt and seen founder Richard Elman quit the board, said that it’s being sued by an Indonesian coal producer for more than a quarter of a billion do
March 23, 2018
Update
Noble Group founder Richard Elman resigns as non-executive director; cost of restructuring likely to match market cap
SINGAPORE (Mar 21): Noble Group founder Richard Elman has resigned as a non-executive director on the embattled commodity supplier's board, ending a three-decade career.
March 21, 2018
M&A
Datapulse unaware of partial takeover offer prior to media reports
SINGAPORE (Mar 8): Datapulse Technology says it has received a letter from Ascapia Capital dated Wednesday making clear its intentions to buy over the company.
March 08, 2018
Shareholders in Brazil demand Petrobras match US$3 bil US settlement
RIO DE JANEIRO (Jan 5): Brazilian shareholders of state-controlled Petroleo Brasileiro SA are petitioning a Brazilian court to be paid on similar terms as those given to US shareholders in a US$2.95 billion ($3.9 billion) settlement, a lawyer told Reuters
January 05, 2018
Keppel hit by lawsuit to restrain sale of stake in Zhongshan Keppel Cove development
SINGAPORE (Nov 21): Keppel Corporation announced that Keppel Land China (KLC), a wholly-owned subsidiary of Keppel Land, and Keppel China Marina Holdings (KCMH) were on Monday served as co-defendants in a writ of summons filed by Sunsea Yacht Club (Hong K
November 21, 2017
Fraud, threats and Ferrari fights in China embezzlement suit
LONDON (May 5): Some of the rarest cars in the world are at the heart of a London lawsuit embroiling an associate of one of China’s wealthiest men.
May 05, 2017
Claims against Sembcorp, SembMarine regarding Sete Brasil dismissed
SINGAPORE (April 3): The US District Court for Columbia has dismissed claims made by EIG Management against Sembcorp Industries and Sembcorp Marine regarding EIG's investments in its troubled customer, Sete Brasil.
April 03, 2017
1MDB Watch
US Justice Department files lawsuit in connection with 1MDB probe
(July 20): The US Department of Justice filed a lawsuit on Wednesday seeking to seize properties tied to Malaysian state fund 1Malaysia Development Bhd (1MDB).
July 20, 2016
Sembcorp and SembMarine face lawsuit linked to Sete Brasil
SINGAPORE (May 25): Sembcorp Industries (SCI) and Sembcorp Marine (SembMarine) have been named as defendants in a lawsuit filed by EIG Management Company, a fund management company based in Washington, US.
May 25, 2016