Cases & Deals

Arcadia Petroleum pursues fraud proceedings against former directors

Client(s) Arcadia Petroleum Limited, et al.

Jones Day represents Arcadia Petroleum Limited, a regulated crude oil trading company based in London (and other companies of its corporate group), in connection with ongoing High Court fraud proceedings brought by the Arcadia Group against a number of its former directors and associated companies. The proceedings arise out of an alleged substantial and sustained fraud resulting in the misappropriation of oil trading profits in excess of US$349 million.