Amira sues insurer to cover US shareholders’ lawsuit costs

By Silvia Martelli (September 30, 2021, 5:40 p.m. BST) – A Dubai-based food supplier has sued to force its insurer to cover its costs of defending a U.S. lawsuit filed by its shareholders over the allegedly inflated financial reports of the ‘business.

Amira Nature Foods Ltd., which sells rice and other items in the United States, told the High Court in a written complaint on September 21 that its London-based insurer Endurance Worldwide Insurance Ltd. should cover all legal fees he had to face in defending himself. in a class action lawsuit in the United States.

The class action lawsuit was brought by shareholders in 2015 after Amira was targeted by an investor who published an allegedly fraudulent report against Amira …

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