Moby S.p.A Discontinues U.S. Lawsuit
March 08 2021 - 9:51PM
PR Newswire (US)
Productive discussions cited in efforts to restructure global
Italian shipping company
NEW YORK, March 9, 2021 /PRNewswire/ -- Today, Moby
S.p.A. ("Moby"), a leading Italian shipping company, is voluntarily
discontinuing its lawsuit against a group of U.S. and European
asset management firms because the lawsuit has facilitated
productive discussions between Moby and its creditors including the
defendants towards reaching a long-sought agreement on Moby's
restructuring.
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