Last US Suit Against AWB Over Oil-For-Food Tossed

Law360, New York (October 1, 2008, 12:00 AM EDT) -- A New York district court has given AWB Ltd. a boost in the ongoing saga over its involvement in the United Nations' oil-for-food scandal, tossing out the last class action currently facing the Australian agribusiness.

On Wednesday, AWB Ltd. revealed that the U.S. District Court for the Southern District of New York had bounced the final suit AWB was facing over its participation in the UN program.

"All three U.S. class actions against AWB arising from the UN oil-for-food program have now been dismissed," AWB said...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.