NewLead alleges “breach of contract, fraudulent inducement of contract and fraud, securities market manipulation and misrepresentation...[and] unjust enrichment.”
The claim arises from an agreement earlier this year where NewLead was to be paid $25m in cash and promissory notes for preference shares.
It now wants damages of more than $25m, punitive damages in excess of $100m, and reimbursement of legal costs and the costs of pending arbitration.
And
