HNA units sued by US tech firm for botching US$325m takeover deal

Hong Kong

TWO HNA Group units were sued in a New York court on claims they failed to complete a US$325 million acquisition of a US technology company because the Chinese group provided false and inconsistent information about its ownership to the Treasury's national security-review panel.

Ness Technologies Sarl, which has its principal place of business in New Jersey, is seeking at least US$65 million in damages from HNA's Pactera Technology International and HNA Group International, according to a complaint filed last week with the Supreme Court of New York.