Disgraced former CEO Markus Jooste is one of several Steinhoff International directors who have been served with papers as part of a multibillion-rand lawsuit against the battered retail group. “This means they are officially aware of the proceedings against them,” said Zain Lundell, partner at LHL Attorneys, the South African firm involved. Jooste, former CFO Ben la Grange, former chair Christo Wiese, his son Jacob and current chair Heather Sonn have all been served, Lundell said. Shareholders had to stomach heavy losses as Steinhoff stock shed 90% of its value in the days after Jooste’s departure in December 2017 when the release of financial statements was put on hold due to “accounting irregularities”. The stock has not recovered. Law firms have pulled together some of the investors to claim nearly R200bn from Steinhoff, its subsidiaries, directors and auditors Deloitte SA for allegedly misinforming shareholders between June 2013 and December 2017. But the bounty in Steinhoff, j...

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