Zia Chishti’s claims against TRG Pakistan Limited barred under 2022 release agreement, rules US court

TRG prevails in New York court against Zia Chishti

In another twist to the TRG litigation saga, TRG Pakistan has reported that a court in New York has ruled that many of the claims asserted by Chishti in a key Sindh High Court case for shareholder oppression, and appealed at the Supreme Court of Pakistan, were in fact covered by a release  agreement signed […] The post TRG prevails in New York court against Zia Chishti appeared first on The Current.

Zia Chishti’s claims against TRG Pakistan Limited barred under 2022 release agreement, rules US court

A long-running court battle involving TRG Pakistan Limited and its former CEO, Zia Chishti, took a fresh turn after a US federal court ruled that key claims raised by Chishti had already been waived under a release agreement executed in 2022. In a notice to the Pakistan Stock Exchange on Thursday, TRG Pakistan said the United States District Court for the Southern District of New York (SDNY) ruled that “claims by Mr Chishti against the company a…