Sokol Claims Pared In Suit Over Kazakhstan Oil Fields

Law360, New York (June 30, 2010, 12:46 PM EDT) -- Independent oil and gas developer BMB Munai Inc. and its financier have won their bid for summary judgment on two of Sokol Holdings Inc.'s claims against them over BMB's acquisition of oil fields in Kazakhstan, but fallen short in their attempt to nix three others.

Judge Kimba M. Wood of the U.S. District Court for the Southern District of New York on Tuesday granted BMB and Credifinance Capital Inc.'s motion for summary judgment on Sokol's state breach of contract and breach of fiduciary duty allegations, but...
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