A family feud within the operations of Richard Neu and shipowning company General Ore International Corp has laid bare allegations that Neu has crippled the finances of the bulker and gas carrier owner through reckless bets in the stock market.
According to a legal complaint filed by his daughter, Amy, Richard Neu allegedly suffered losses approaching $150m on risky option trading in the stock market, bringing General Ore to its knees during 2017, when the lawsuit was filed.
