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VTG > SEC Filings for VTG > Form 8-K on 23-Jun-2014All Recent SEC Filings

Show all filings for VANTAGE DRILLING CO

Form 8-K for VANTAGE DRILLING CO


23-Jun-2014

Other Events


Item 8.01. Other Events

In conjunction with the pending lawsuit of Vantage Drilling Company (the "Company") against Hsin-Chi Su , styled Vantage Drilling Company vs. Hsin-Chi Su a/k/a Nobu Su, in the 295th Judicial District Court of Harris County, Texas, on June 20, 2014, the Company received notice that Mr. Su had filed an Original Counterclaim and Third Party Petition against the Company and certain of the Company's current and former officers and directors. The counterclaim alleges fraud, breach of fiduciary duty and theft by the Company and certain of its current and former officers and directors in the Company's dealings with Mr.Su. Further, the counterclaim alleges that the Company has wrongfully obtained an injunction against Mr. Su. In his counterclaim, Mr. Su asks that the Company recover nothing in its suit against Mr. Su and seeks actual damages up to a maximum amount of $8 billion, exemplary damages and attorneys' fees. The Company intends to vigorously defend itself against the charges made in the counterclaim and pursue its claims, but can provide no assurance as to the outcome of this legal action.


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