US ruling ends D’Amico Dry’s decade-long legal battle
Decision of 68 pages from Judge Koeltl rules that Primera liable for FFA that went wrong following sharp plunge in freight rates in the wake of the Lehman Brothers collapse, leading to almost a decade of litigation on both sides of the Atlantic
Dispute between Italian and Greek owners dates back to era of global financial crisis. D’Amico entitled to payout on out-of-money futures contract, plus interest and costs
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