Ex-Noble Group’s CEO Alireza Sues Founder Elman for $58 Million

Alireza raised concerns over company’s viability, says writ
Lawsuit is a second filed by a former CEO of Noble Group

Yusuf Alireza.
Photographer: Nicky Loh/Bloomberg

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By Jasmine Ng

June 14, 2017 at 9:24 AM UTC

The former chief executive officer of Noble Group Ltd. has filed a lawsuit against founder Richard Elman claiming that he’s owed stock in the embattled commodity trader.

Yusuf Alireza, who left the company in May 2016, filed the suit against Elman in the High Court of Hong Kong alleging contract breaches, according to a writ of summons. Alireza seeks at least HK$450 million ($58 million) in compensation.