News: CWG stocks cause further litigation

SHIREKEEP, IMPERIAL COUNTY - The disputes over payment for and ownership of stocks in Commonwealth Global Limited (CWG) have reached another crescendo in a suit filed in the Judex by Dr Giles Melang against Simon ben Erasmus for the sum of 300 'SCUE' (value: 1:1 erb). Melang, also known as Vasroe, alleges that this sum was sent to ben Erasmus in exchange for an undisclosed number of shares in CWG.

CWG Tower in the Commercial District

Ben Erasmus has so far not responded to the substantial allegations, but his lawyer - Reverend Dr. Spraki Krumsson Lla'i, recently beaten to the Office of Praetor by his client - has responded to the Judex claim by disputing the jurisdiction of the main central court of the Shirerithian judiciary in this case.

Similar claims are at varying stages of claim procedure in Western Elwynn and South Batavia, alleging the same facts and demanding the same remedy. The Gazette's informants suggest the multiplicity of suits may be an attempt to ground the claim, since Melang is a Western Elwynnese national and ben Erasmus holds citizenship in South Batavia.

The ongoing dispute in the Judex at this time focuses on the question of whether the court has the power to hear the claim. CWG is a multinational corporation, whose shareholders include several national governments (including Babkha and Shireroth) and many of the most prominent politicians of Micras. Its legal status is contentiously disputed, but Melang has previously declared it as headquartered in Shireroth, and during the reign of Yardistanislaus it reopened its Shireroth division, located in CWG Tower (pictured).

There have been previous disputes of this kind. In the Alexandrian High Court, Elijah Ayreon of Western Elwynn brought a claim against CWG and Melang for a breach of contract for the sale of shares worth 2500 erb. An out-of-court settlement for the full amount was reached, but Melang (known as Gustave Chevalier in Alexandria) did not fulfil its terms and the court was invited to reach a verdict. It described Ayreon's claim for damages as "founded" and ordered Melang to make the payment, which he subsequently did.

No comment has been made by the Directors of CWG, which is currently itself in a state of confusion after the total number of floated shares has been found to be over- and under-reported several times.