Amira sues insurer to cover US shareholders’ lawsuit costs

0
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 …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific articles and topics and more!

TRY LAW360 FREE FOR SEVEN DAYS


Source link

Leave A Reply

Your email address will not be published.