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Retailer Can Serve Docs In €33M Shares 'Intimidation' Case

Law360, London (March 15, 2019, 4:20 PM GMT) -- A retailer that claims it was intimidated into selling shares in a financial services company can serve a €33 million ($37.4 million) lawsuit on two businessmen who were allegedly behind the firm that bought the stock, a judge in London has ruled.

Judge Andrew Baker has permitted EAGM Ventures (India) Private Ltd., an Indian dinnerware company, to serve papers on Ramu Ramasamy and Palaniyapan Ramasamy, who the claimants believe are based in the southern Indian city of Chennai.

EAGM and two co-claimants are seeking damages for "fraudulent misrepresentation, intimidation and conspiracy” after they sold their stake in Hermes i-Tickets Private Ltd.,...

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