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Kasowitz Clients Oceanus and MatlinPatterson Affiliate Sue Billionaire Shipping Magnate George Economou and Son Christos for Allegedly Sabotaging Sale of Oceanus Tanker Fleet
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NEW YORK, Dec. 21, 2020 /PRNewswire/
Kasowitz Benson Torres has filed a $100 million lawsuit on behalf of shipping company Oceanus LLC and its majority owner, an affiliate of private equity firm MatlinPatterson, against billionaire shipping magnate George Economou and his son Christos Economou in the Supreme Court of New York, New York County for damages arising from their unlawful and unrelenting campaign to sabotage Oceanus s efforts to sell its tanker fleet so that the Economous can acquire the fleet at a deep discount.
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Important Notice Regarding Oceanus LLC and Its Subsidiaries
December 18, 2020 GMT
NEW YORK, Dec. 18, 2020 /PRNewswire/ Oceanus LLC (“Oceanus”) announced today that, by resolution of its Board of Managers on 3 December 2020, Mr. Peter Schoels, a member of Oceanus’s Board of Managers, now serves as the sole person authorized to act on behalf of Oceanus and its direct and indirect subsidiaries (collectively, the “Company”). Previously, Wise Investments Consultants Inc., in its capacity as Oceanus’s investment advisor (“Wise”), and Mr. Christos Economou, in his capacity as an officer of TMS Cardiff Gas Ltd., the technical and commercial manager of Oceanus’s Vessels (as defined below), had authority to act on behalf of the Company for certain purposes. Wise and Mr. Economou no longer have such authority or any other authority as it relates to the Company.
Important Notice Regarding Oceanus LLC and Its Subsidiaries
News provided by
Share this article
NEW YORK, Dec. 18, 2020 /PRNewswire/ Oceanus LLC (
Oceanus ) announced today that, by resolution of its Board of Managers on 3 December 2020, Mr. Peter Schoels, a member of Oceanus s Board of Managers, now serves as the sole person authorized to act on behalf of Oceanus and its direct and indirect subsidiaries (collectively, the
Company ). Previously, Wise Investments Consultants Inc., in its capacity as Oceanus s investment advisor (
Wise ), and Mr. Christos Economou, in his capacity as an officer of TMS Cardiff Gas Ltd., the technical and commercial manager of Oceanus s Vessels (as defined below), had authority to act on behalf of the Company for certain purposes. Wise and Mr. Economou no longer have such authority or any other authority as it relates to the Company.
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