SSH Wins Settlement for Seaboard Corporation
Approximately six weeks before a three week jury trial was to begin in the Circuit Court of Jackson County, Missouri, Stueve Siegel Hanson has settled a lawsuit on behalf of Seaboard Corporation and related entities pending against South Africa's largest shipping company and other related entities. Plaintiffs alleged multiple causes of action, including fraud, breach of fiduciary duties, misappropriation of corporate opportunities, tortious interference and civil conspiracy, based upon actions taken by one of Seaboard's former officers and directors, who attempted to raid Seaboard of the key employees necessary to run Seaboard's international commodity trading and shipping business. Plaintiffs valued their actual damages in this litigation at over $40 million dollars and intended to seek approximately $150 million at trial in actual and punitive damages.
This lawsuit has a complicated procedural history during which Defendants unsuccessfully removed the lawsuit to federal court and unsuccessfully appealed the denial of an attempt to compel arbitration to the Missouri Court of Appeals, the Missouri Supreme Court and the United States Supreme Court. Discovery in this lawsuit spanned multiple continents, including two full weeks of depositions in South Africa. The terms of the settlement are confidential.
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Why Stueve Siegel Hanson?
Stueve Siegel Hanson is a national litigation firm specializing in complex business litigation, securities litigation, and consumer class actions. We have obtained substantial results for our clients in all types of litigation around the country, and have collectively been honored with dozens of awards and designations, for both our trial successes, and case results.
