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Ex-Oil Execs Can't Force $339M Fraud Case Out Of England


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Ex-Oil Execs Can t Force $339M Fraud Case Out Of England
Law360, London (May 14, 2021, 3:46 PM BST) A London court on Friday dismissed an appeal by two former executives of crude oil company Arcadia Group Ltd. seeking to block a $339 million conspiracy and fraud suit against them in England, determining that their jurisdiction challenges had been exhausted.  
The Court of Appeal upheld a finding by a lower court that Peter Bosworth, who was Arcadia s chief executive, and Colin Hurley, a former chief financial officer, should face claims brought against them by Alta Trading UK Ltd. and three other Arcadia companies in Britain.  ....

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