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Ceva in longtime legal dispute about past restructuring

Ceva Logistics is at the center of a protracted dispute with former bondholders and a key employee. The dispute concerns a restructuring of Ceva years ago. Ceva denies the accusations, but the case could result in "a material loss," writes owner CMA CGM, which is already struggling with a large debt following the acquisition.

Photo: PR / Ceva Logistics

Ceva Logistics is in the seventh year of being at the center of a legal battle that could potentially cost the logistics company "a material loss."

The lawsuits have been filed by former bondholders and a former key employee who claim that they suffered losses in relation to a restructuring of Ceva a little over seven years ago when the logistics company was owned by US-based equity fund Apollo.

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