Shareholder Suit Against Stolt-Nielsen Will Proceed

Law360, New York (June 20, 2006, 12:00 AM EDT) -- Beleaguered transportation and storage company Stolt-Nielsen SA will not be able to cross a shareholder lawsuit off its list of legal worries, after a judge denied the company’s motion to dismiss the class action.

A judge in the U.S. District Court for the District of Connecticut ruled that the shareholder suit against Stolt-Nielsen may proceed, despite having initially dismissed the case in November 2005.

Although the court tossed the original complaint, plaintiffs filed the recently upheld amended complaint in March.

Plaintiffs allege that between 2000 and...
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