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Goldman, hedge funds drawn into Noble Group's legal battles

Bloomberg Published on Sun, Apr 29, 2018 / 8:30 PM GMT+8

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(Apr 29): Noble Group Ltd.’s dissident shareholder Goldilocks Investment Co. listed a raft of hedge funds and banks, including Goldman Sachs Group Inc. and Deutsche Bank AG, as defendants in its legal battle against the commodity trader, as the fund presses on with a bid to stop its debt-for-equity swap.

Goldilocks last week initiated legal action in Singapore’s High Court against Noble, seeking to halt the restructure and block any attempt to move its main interests to the U.K. According to a summons seen by Bloomberg, the Abu Dhabi-based fund listed Noble and its directors as defendants, as well as hedge funds and banks that it says are creditors supporting the planned rescue.