60 Centre Street in Manhattan, New York. Photo: Ryland West/ALM Japan-Based Asset Manager to Face Contract Claims By Former Executives in Stock Rights Dispute
U.S. District Judge Loretta A. Preska rejected what plaintiff attorneys called a years-long effort by Japan's largest asset manager to avoid jurisdiction in U.S. courts, and cleared the way for a jury trial in the nearly five-year-old lawsuit.
April 01, 2022 at 02:38 PM
3 minute read
Contractual Disputes
A Manhattan federal judge has ruled that Tokyo-based Nikko Asset Management Co. will have to face civil breach-of-contract claims from 14 former senior executives and employees who accused the company of improperly extinguishing stock acquisition rights worth millions of dollars.
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