Allen & Overy Sues Nimbus for Legal Fees After Delayed India IPO
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Allen & Overy LLP, the U.K.’s third most profitable law firm, sued Nimbus Communications Ltd., claiming the Indian media company failed to pay some of its legal fees after delaying its initial public offering.
Nimbus’s lawyer Chandra Mohan said yesterday that the parties are in negotiations. The London-based law firm is seeking $226,490 from Nimbus for breach of contract, according to its lawsuit filed with the Singapore High Court in February.