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Pension giants launch OW Bunker legal battle

A series of institutional investors are now ready to file a lawsuit against OW Bunker. The main points of contention concern responsibility for the IPO prospect and securities law disclosure agreements. The lawsuit targets OW Bunker's senior management and equity fund Altor.

Photo: OW Bunker

A total of 27 institutional investors are ready to take the next step in the dramatic case related to the crash of bunker company OW Bunker. The many investors will now file a lawsuit against OW Bunker, according to a joint statement issued today, Friday.

The lawsuit involves two cases. One concerning the responsibility for the IPO prospect in relation to the initial public offering of OW Bunker in early 2014. The other relates to commitments to provide the stock exchange with correct information. The investors thus hope to be able to place a responsibility and achieve financial compensation for the companies' members and customers, according to the statement.

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