Goldilocks Investment Company, the third largest shareholder in embattled commodities trader Noble Group, has launched two more lawsuits against the Hong Kong-based firm, seeking to stop the group from holding its AGM next Monday as well as stopping Noble’s restructuring support agreement and the company’s mooted plans to redomicile to the UK.
Goldilocks said in a statement yesterday: “The conduct of Noble, its board and the supporting creditors has left Goldilocks with no other alternatives but to pursue legal action, in order to protect and preserve the rights of all shareholders.”
Goldilocks from Abu Dhabi said its actions were “regrettable but are necessary as a direct result of coercive actions taken by Noble”.
Noble Group chairman Paul Brough urged shareholders yesterday to support the board and its restructuring plan, arguing that Goldilocks had not offered a credible alternative.
