BP Seeks To Snuff Norex Suit Over Russian Power Grab

Law360, New York (September 16, 2011, 8:27 PM EDT) -- BP PLC on Friday urged a New York court to toss Norex Petroleum Ltd.’s latest lawsuit claiming the British oil giant schemed with Russian tycoons years ago to strip Norex of its $500 million controlling interest in Russian oil company ZAO Yugraneft Corp.

Norex is straining to retroactively implicate BP in the alleged plot to seize Yugraneft and cannot hold BP liable under New York law for losses tied to a takeover in 2001 by defendants Leonard Blavatnik; Victor Vekselberg; their assorted companies, Access Industries and...
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