An investor hoping to recoup his losses on Golar LNG after the Hygo Energy Transition initial public offering delay tanked its shares has dropped the case.

Daniel Zarabi, who sued the Tor Olav Troim-backed LNG player in September, notified the court he was voluntarily dismissing his lawsuit on Tuesday.

Zarabi had initially sued in the US federal court for the Southern District of New York four days after Hygo's then-chief executive Eduardo Antonello was