Yonhap Infomax NewsElliott Management lost its appeal against Samsung C&T, as a Seoul court upheld the ruling denying the US hedge fund’s claim for 26.7 billion won ($19.5 million) in additional delayed interest, maintaining that only the principal settlement was owed.
#YonhapInfomax #ElliottManagement #SamsungCT #DelayedInterest #ShareBuyback #CourtRuling #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65250
#YonhapInfomax #ElliottManagement #SamsungCT #DelayedInterest #ShareBuyback #CourtRuling #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65250
Elliott Loses Appeal in 26.7 Billion Won Payment Lawsuit Against Samsung C&T (Update)
Elliott Management lost its appeal against Samsung C&T, as a Seoul court upheld the ruling denying the US hedge fund’s claim for 26.7 billion won ($19.5 million) in additional delayed interest, maintaining that only the principal settlement was owed.