Friday, June 27, 2008

Huntsman to sue buyer Apollo Management and partners for fraud

Huntsman Corporation is to sue Apollo Management and its two partners for fraud, seeking a jury trial for damages exceeding US$3 bln, plus additional punitive damages. This decision has been taken by Huntsman after the private equity group backed out of a deal to buy Huntsman for US$6.

For more details on Huntsman to sue buyer Apollo Management and partners for fraud click here

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