Richard Elman

SINGAPORE (Apr 19): Bowing to criticism from the Singapore Exchange (SGX) and other investors, embattled Noble Group is removing a provision in its US$3.4 billion ($4.5 billion) debt restructuring proposal that penalised shareholders voting against the pl

SINGAPORE (Apr 16): Noble Group improved the terms of its controversial $3.4 billion debt restructuring deal and won the support of its biggest shareholder as the commodity trader seeks to complete the vital transaction.

LONDON (Apr 10): Richard Elman, the founder and largest shareholder of Noble Group, is pushing the embattled commodities trader's creditors for a new restructuring deal, according to people familiar with the matter, casting fresh doubt on the survival

(Mar 23): Noble Group’s week of woe just got worse as the commodity trader, which has defaulted on its debt and seen founder Richard Elman quit the board, said that it’s being sued by an Indonesian coal producer for more than a quarter of a billion do

SINGAPORE (Mar 21): Noble Group founder Richard Elman has resigned as a non-executive director on the embattled commodity supplier's board, ending a three-decade career.

SINGAPORE (Mar 21): Noble Group is being sued by one of its top shareholders in a fresh blow to the embattled commodities trader as it defaults on debt obligations.

(Mar 15): A revolt by Noble Group’s shareholders has emerged as one of the major threats to the struggling trading house’s US$3.5 billion ($4.6 billion) restructuring deal after it agreed terms with a group of hedge fund creditors.

SINGAPORE (Jan 30): Shares in Noble Group slumped 13% on Tuesday after the battered commodity trader proposed a deal under which existing shareholders' equity would be nearly wiped out, while the restructured company would have much lower debt.

SINGAPORE (Jan 29): Noble Group reached an in-principle deal to restructure US$3.5 billion ($4.6 billion) in debt, saving the troubled commodity trader from bankruptcy at the cost of handing control to creditors and all but wiping out current shareholder

(June 14): The former chief executive officer of Noble Group has filed a lawsuit against founder Richard Elman claiming that he’s owed stock in the embattled commodity trader.