Grynberg Hits Total With New Kazakh Oil Profits Suit

Law360, New York (November 15, 2010, 6:47 PM EST) -- Less than a month after a federal appeals court threw out his suit against Total SA on grounds of judicial exhaustion, Pricaspian Development Corp. principal Jack J. Grynberg has fired off another suit over the allegedly unfair distribution of profits deriving from the French energy giant's purchase of the company's oil fields in Kazakhstan.

Grynberg's new suit, lodged Friday in the Delaware Chancery Court, is styled as an "action in equity" to recover more than $9 billion in allegedly unjustly held profits taken by Total when...
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