May 15, 2019 / 2:57 AM / 6 days ago

Lone Star loses lawsuit against Hana Financial Group

SEOUL, May 15 (Reuters) - Lone Star has lost a lawsuit claiming damages of $1.443 billion against South Korea’s Hana Financial Group Inc with regard to the U.S. firm’s buy of Korea Exchange Bank in 2012, a Hana spokesman said on Wednesday.

In 2016, Lone Star filed the lawsuit to the International Court of Arbitration, the spokesman said. (Reporting by Ju-min Park and Hyunjoo Jin; Editing by Michael Perry)

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