In a civil suit filed in Houston, the US-listed offshore contractor said the Taipei-based tycoon breached his fiduciary duties to the drillship owner during a three-year stint on its board of directors through a series of “misrepresentations, material omissions and outright lies”.
“He purposefully and repeatedly placed Vantage in severe financial distress- which at times threatened the very existence of the company- only to then take advantage of that distress to enrich himself further,” the Texas-based company’s attorneys wrote in the 25-page petition.
The
