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Noble's ex-CEO wins appeal in Singapore court over unpaid shares
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Noble Group former chief executive Ricardo Leiman was appealing a 2018 High Court ruling that dismissed his claim to millions of dollars in unpaid shares and bonus and ordered him to pay two-thirds of Noble's costs.
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Singapore's top court ruled in favour of a claim by Noble Group former chief executive Ricardo Leiman to millions of unpaid shares, overturning an earlier ruling while upholding that he was not entitled to his bonus.
The Court of Appeal allowed the appeal in "large part", and ordered an assessment of damages after ruling that Noble deprived Mr Leiman of entitlements including the right to exercise share options, according to a copy of the judgment seen by Bloomberg. The court said that Mr Leiman was not in breach of contractual non-competition and confidentiality obligations, also overruling an earlier decision.
