Credit: Credit: kerophotographer/Adobe Stock Singapore's Drew & Napier Secures $3.5B Award in Civil Suit
The award marks the largest sought award in a civil suit in the city-state as well as the largest reported fraudulent trading case in Singapore.
October 02, 2024 at 06:13 AM
2 minute read
Singapore's Big Four law firm Drew & Napier has successfully acted for commodity trading business Hin Leong Trading's liquidators in a civil litigation against former oil tycoon Oon Kuin Lim and his two children, Huey Ching Lim and Evan Lim, securing an award of $3.5 billion.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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