Another Noble Group Ex-CEO Gets $20 Million After Legal Battle

Noble Group Holdings Ltd., the commodity trader shrunken by years of losses and a multibillion dollar restructuring, has paid $20 million to former Chief Executive Officer Ricardo Leiman. The payment to Leiman, who left the company in 2011 -- several years before its 2018 restructuring was disclosed in a presentation accompanying Noble’s third-quarter results on Friday. It followed a long legal battle concluded in May, when Singapore’s Court of Appeal ruled that Noble had deprived Leiman of entitlements including the right to exercise share options when he left.

Source: https://www.bloomberg.com/news/articles/2020-11-08/another-noble-group-ex-ceo-gets-20-million-after-legal-battle?srnd=markets-vp

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