Crown Sues RiverStone Over $72.5m Shareholder Settlement
Crown Resorts has launched proceedings against RiverStone International in the Supreme Court of Victoria, alleging the insurer has failed to contribute to a $72.5 million shareholder class-action settlement arising from years of scrutiny over the casino operator’s anti-money laundering controls and governance. Crown says RiverStone is responsible for part of the settlement under excess insurance policies held by the company. Court documents indicate Crown is seeking $22.5 million from the insurer, while also pursuing interest and damages. The dispute concerns insurance arrangements […] The post Crown Sues RiverStone Over $72.5m Shareholder Settlement appeared first on World Casino News.
Crown Resorts has launched proceedings against RiverStone International in the Supreme Court of Victoria, alleging the insurer has failed to contribute to a $72.5 million shareholder class-action settlement arising from years of scrutiny over the casino operator’s anti-money laundering controls and governance. Crown says RiverStone is responsible for part of the settlement under excess insurance policies held by the company. Court documents indicate Crown is seeking $22.5 million from the insurer, while also pursuing interest and damages. The dispute concerns insurance arrangements […]
The post Crown Sues RiverStone Over $72.5m Shareholder Settlement appeared first on World Casino News.
