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Goldman, hedge funds drawn into Noble's legal battles

Bloomberg Published on Mon, Apr 30, 2018 / 11:49 AM GMT+8

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SINGAPORE (Apr 30): Noble Group’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 the trader’s main interests to the UK According to a court summons seen by Bloomberg, the Abu Dhabi-based fund listed Noble and its directors as defendants, as well as the hedge funds and banks that it says are the creditors supporting the planned rescue.

The defendants include Goldman Sachs (Asia), Deutsche Bank AG, ING Bank, as well as Taconic Capital Advisors, Davidson Kempner Capital Management, Och-Ziff Capital Management Group, Strategic Value Partners, BFAM Partners (Hong Kong), Varde Partners Asia Pte, Arkkan Capital Management, Cowell & Lee Advisors and Attestor Capital.