Abu Dhabi National Energy Co., also known as Taqa, faces a legal battle in the U.S. against its former chief executive, Peter Barker-Homek, who accuses the company, which has almost $25 billion in assets, of breach of contract, among other things, according to a copy of a legal filing in the U.S.
Mr. Barker-Homek, a former BP PLC executive, alleges that Taqa forced him to sign a severance agreement "under severe duress" last October, and that he was threatened with arrest and imprisonment if he didn't comply, according to a suit filed on Friday by his attorney, Miller Barondess, in the U.S. District Court for the Eastern District of Michigan.
"TAQA takes any challenge to its reputation extremely seriously and will defend itself vigorously and the individuals named against the spurious allegations made in the filing," the company said in a statement. It added that it will "respond to the filing in due course through the appropriate legal channels."
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