The CEO of Chinese land-based shrimp "megafarm" Sino Agro Food (SIAF) is being forced to relinquish some control of his company after minority shareholders won a long-fought court battle against the business and its owners.
The United States District Court for the Southern District of New York approved the shareholders proposed settlement on Oct. 13.
It ruled the terms of the agreement fair, reasonable and adequate, and approved the settlement in all respects.
