Singapore’s top court ruled in favor of a claim by Noble Group Ltd.’s former Chief Executive Officer Ricardo Leiman to millions of unpaid shares
SINGAPORE: Singapore’s top court ruled in favor of a claim by Noble Group Ltd.’s former Chief Executive Officer Ricardo Leiman to millions of unpaid shares, overturning an earlier ruling while upholding that he wasn’t entitled to his bonus.
The Court of Appeal allowed the appeal in "large part, ” and ordered an assessment of damages after ruling that Noble deprived Leiman of entitlements including the right to exercise share options, according to a copy of the judgment seen by Bloomberg. The court said Leiman wasn’t in breach of contractual non-competition and confidentiality obligations, also overruling an earlier decision.
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