By Tiffany Kary and Michael McDonald (Bloomberg) -- A fund linked to Harvard University kept sinking money into a dry-bulk shipping business even while losses persisted, as the investor tried innovative ways to avoid troubles that have plagued the ocean transport industry since the financial crisis. Cayman Islands-based Francolin invested in Global Maritime Investments as … [Read more...]
Signal International Settles Labor Suit After Filing for Bankrupcty
By Kathy Finn NEW ORLEANS, July 14 (Reuters) - Signal International will pay $20 million to settle lawsuits alleging fraud and labor trafficking by the Alabama oil rig repair company, which brought hundreds of Indian men to work on the Gulf Coast after Hurricane Katrina, attorneys for the plaintiffs said on Tuesday. The settlement, which included an apology by the company … [Read more...]