Judge Explains $24M Soybean Export Ruling

Law360, New York (February 17, 2010, 2:47 PM EST) -- Agricultural exporter AWB Ltd. concealed critical details of a transaction with Standard Chartered Bank involving contracts related to soybean exports to Indonesia, a federal judge has said in explaining his $24 million award to Standard Chartered after finding AWB breached its contract with the bank.

Judge Alvin K. Hellerstein of the U.S. District Court for the Southern District of New York ruled for Standard Chartered in November 2007, but after AWB appealed the decision, the U.S. Court of Appeals for the Second Circuit ordered Judge Hellerstein...
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