Noble Group’s ability to keep its proposed $3.5 billion debt restructuring on track suffered a fresh blow on Tuesday after one of its largest equity shareholders filed a lawsuit with the Singapore High Court.
According to several media reports, Abu Dhabi-based Goldilocks Investment Company is seeking damages on behalf of equity shareholders and wants to claw-back $169 million in what it alleges were excessive payments to senior Noble executives between 2011 and 2017.
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