Richard Elman

Noble Group sweetens debt restructuring deal, gets founder's backing

SINGAPORE (Apr 16): Noble Group improved the terms of its controversial $3.4 billion debt restructuring deal and won the support of its biggest shareholder as the commodity trader seeks to complete

Noble restructuring in doubt as founder Elman said to push for new deal

LONDON (Apr 10): Richard Elman, the founder and largest shareholder of Noble Group, is pushing the embattled commodities trader's creditors for a new restructuring deal, according to people familia


The worst not over for Noble as huge lawsuit hits

(Mar 23): Noble Group’s week of woe just got worse as the commodity trader, which has defaulted on its debt and seen founder Richard Elman quit the board, said that it’s being sued by an Indonesian


Noble Group founder Richard Elman resigns as non-executive director; cost of restructuring likely to match market cap

SINGAPORE (Mar 21): Noble Group founder Richard Elman has resigned as a non-executive director on the embattled commodity supplier's board, ending a three-decade career.

Noble Group sued by top investor as trader defaults on debt

SINGAPORE (Mar 21): Noble Group is being sued by one of its top shareholders in a fresh blow to the embattled commodities trader as it defaults on debt obligations.

Shareholder revolt emerges as key risk for Noble Group debt deal

(Mar 15): A revolt by Noble Group’s shareholders has emerged as one of the major threats to the struggling trading house’s US$3.5 billion ($4.6 billion) restructuring deal after it agreed terms wit

Noble Group's creditors in driver's seat as group seeks deal to cut debt

SINGAPORE (Jan 30): Shares in Noble Group slumped 13% on Tuesday after the battered commodity trader proposed a deal under which existing shareholders' equity would be nearly wiped out, while the r


Noble reaches in-principle deal to restructure debt; Iceberg urges creditors to reject

SINGAPORE (Jan 29): Noble Group reached an in-principle deal to restructure US$3.5 billion ($4.6 billion) in debt, saving the troubled commodity trader from bankruptcy at the cost of handing contro

Former Noble CEO Alireza sues founder Elman for $80 million

(June 14): The former chief executive officer of Noble Group has filed a lawsuit against founder Richard Elman claiming that he’s owed stock in the embattled commodity trader.

Richard Elman, Noble Group

The rise and fall of a commodities giant in Asia

(June 5): The profit warning landed at 10.37pm Singapore time on a Tuesday in early May. It was the night before a holiday in the city-state where shares of Noble Group are traded.

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