Asia Pulp & Paper obtains dismissal of common law fraud action
Clients Asia Pulp & Paper Co., Ltd.
Jones Day represented Asia Pulp & Paper and several of its Indonesian subsidiaries against claims of common law fraud by mutual funds that allegedly purchased over $300 million in debt securities issued by APP and its subsidiaries. Plaintiffs alleged misrepresentations and omissions in public filings made by APP and its subsidiaries. After discovery the case was dismissed by stipulation of all parties on confidential terms.
Franklin Funds, et al. v. APP Global, Ltd., et al.