Ex-CEO's Suit Against North Pole, Warburg Sent To Arbitration

Law360, New York (May 10, 2013, 10:13 PM EDT) -- A federal judge in Missouri on Friday stayed a suit facing North Pole Ltd. and its parent company Warburg Pincus LLC and compelled them into arbitration with a former North Pole CEO who accused the companies of letting him take the fall for their debts, leaving him trapped in China.

North Pole and Warburg Pincus had argued that Hong Kong was the proper venue for the litigation and had motioned for U.S. District Judge Catherine Perry to dismiss the action, filed by former CEO Steven Fleischli,...
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