Financially-stricken China Aviation Oil Singapore Corp (CAO) said it has not received any notice of class-action lawsuit from the US pertaining to its US$550 million trading loss in the oil derivatives market. The Singapore-listed company has been suspended, leaving thousands of investors stranded, while its CEO has been arrested but has yet to be charged….
SINGAPORE: China Aviation says it has yet to receive shareholders’ class-action lawsuit notice
Posted on January 10, 2005 by EnergyAsia