The former shareholders had advanced a claim in the New Jersey Courts alleging that Bwin made fraudulent, alternatively negligent misrepresentations in relation to the opportunity for internet gaming in New Jersey, as a result of which they divested their shares for lower value prior to a lucrative take-over of Bwin.
The dispute arises between Bwin, the internet gaming company, and various former shareholders of Bwin including “internet pioneer” Ruth Parasol Deleon. Contact us if you have any questions.ĭavid Lewis QC succeeded in obtaining from the Supreme Court of Gibraltar an anti-suit injunction restraining proceedings being pursued before the New Jersey Courts. This is an archived article, and some links may not work.