China's HNA Group told a court it plans to drop a defamation lawsuit against an exiled Chinese businessman living in New York
Chinese conglomerate HNA Group Co. told a court it plans to drop a defamation lawsuit against an exiled Chinese businessman living in New York, saying the complaint is now a distraction.
Businessman Guo Wengui said in 2017 that HNA was secretly owned by a high-ranking Communist Party official and his nephew. That prompted HNA to seek at least $300 million in damages, alleging “false and defamatory statements” which it said hurt its business and reputation.
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