Genting Malaysia’s US subsidiary files motion to dismiss $600M claim by disgruntled partner in Bahamas resort
Regulation · 2024-11-27

Genting Malaysia’s US subsidiary files motion to dismiss $600M claim by disgruntled partner in Bahamas resort

Genting Malaysia’s US subsidiary has filed a motion with the US District Court, Southern District of Florida, to dismiss a suit against it by a key partner in Resorts World Bimini (RWB) in the Bahamas due to it being a shareholder dispute.

In a filing with the Malaysian bourse, Genting Malaysia said that Genting Americas Inc wants the complaint dismissed on multiple grounds, including that “this is a shareholder dispute and therefore should be dealt with pursuant to the Shareholders’ Agreement between the shareholders of [RWB operator] BB Entertainment Ltd in a forum other than the US Court.”

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