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Olam International Ltd Updates On Legal Action Against Muddy Waters And Carson Block

Friday, 5 Apr 2013 05:07am EDT 

Olam International Ltd announced that it has decided to discontinue the pending legal action against Muddy Waters and Carson Block related to comments made at the Sohn London Investment Conference on November 19, 2012. The Notice of Discontinuance was filed in the High Court of Singapore. While Olam has been able to serve notice on Muddy Waters, it has been unsuccessful in serving Carson Block despite its efforts. In addition, after several months of investigation, no assets of consequence have been identified for either party against which claims can be made. 

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24 Dec 2014